The equivalent of finished goods inventory for a merchandisi

The equivalent of finished goods inventory for a merchandising firm is referred to as o a) inventory. b) raw materials inventory. c) purchases. d) cost of goods purchased. Change my default Don\'t ask again Do more with Microsoft Edge- the fast, new browser built for Windows 10 8 7 Enter 2 A Shift 0

Solution

Answer is a. Inventory.

Explanation:

For merchandising company, there is only one type of inventory which is purchased or sold i.e. completed goods. Therefore, the finished goods inventory is referred as Inventory in such firms.