Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.

a. ________ typically do not have an inventory account.
b. Honda Motors converts ________ into finished products.
c. An insurance company, a health- care provider, and a bank are all examples of ________.
d. ________ buy products in bulk from producers, mark them up, and resell to retailers.
e. ________ report three types of inventory on the balance sheet.
f. ________ for a company such as Staples (office supplies) includes all of the costs ­necessary to purchase products and get them onto the store shelves.
g. Most for- profit organizations can be described as being in one (or more) of three ­categories: ________, ________, and ________.
h. ________ is composed of goods partially through the manufacturing process (not ­finished yet).
i. Lands’ End, Sears Roebuck & Co., and L. L. Bean are all examples of________.

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Finished goods inventory Manufacturing companies Raw materials inventory Inventory (merchandise) Merchandising companies Wholesalers Service companies Work in process inventory