Fill in the blanks with one of the following terms: manufacturing, service, merchandising, retailers, wholesalers, raw materials inventory, merchandise inventory, work in process inventory, finished goods inventory, freight-in, the cost of merchandise.
a. Direct materials are stored in _______.
b. Kmart is a _______ company.
c. Manufacturers sell from their stock of _______.
d. Labor costs usually account for the highest percentage of _______ companies' costs.
e. Partially completed units are kept in the _______.
f. ______ companies generally have no inventory.
g. Intel (computer chips) is a _______ company.
h. Merchandisers' inventory consists of _______ and _______.
i. ______ companies carry three types of inventories: _______, _______, and _______.
j. H&R Block (tax preparation) is a _______ company.
k. Two types of _______ companies include _______ and _______.