Which of the following types of inventories is not common in a manufacturing activity?
A) Raw materials
B) Merchandise
C) Semi finished goods
D) Work in progress

Question

Quizplus · Accepted Answer

Merchandise inventory refers to inventory that has been purchased and is ready for sale in a retail setting. This type of inventory is not common in a manufacturing activity, where raw materials, semi-finished goods, and work in progress inventories are more likely to be found.

Which of the Following Types of Inventories Is Not Common