Merchandise inventory is

Select one:

a. generally valued at the price for which the goods can be sold.

b. reported as a current asset on the statement of financial position.

c. reported under the classification of Property, Plant, and Equipment on the statement of financial position.

d. often reported as a miscellaneous expense on the income statement

Answer rating: 100% (QA)

Merchandise inventory is the cost of goods on hand and available f... View the full answer