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On the line in front of each statement, enter the letter corresponding to the term that b

On the line in front of each statement, enter the letter corresponding to the term that b

 On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all.

A.

Materials inventory

E.

Work in process inventory

B.

Service companies

F.

Manufacturing companies

C.

Merchandise inventory

G.

Merchandising companies

D.

Finished goods inventory

 

 

 

_____ Typically have a single category of inventory

_____ Resell products they previously purchased ready-made from suppliers

_____ Do not have inventory for resale

_____ Produce its own inventory

_____ Transform raw materials into new finished products

_____ Ready to sell inventory of manufacturers

_____ Partially completed items of manufacturers

Tripti 06-Dec-2019

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