Question: Raw materials inventory Items acquired for processing into finished goods. 2 . Merchandise inventory Goods held for resale in the ordinary course of business. 3

Raw materials inventory
Items acquired for processing into finished goods.
2. Merchandise inventory
Goods held for resale in the ordinary course of business.
3. Work in process inventory
Goods in the process of being manufactured but not yet complete.
E 4. Finished goods inventory
Manufactured goods that are complete and ready for

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