Asked by Emily Yannatone on Apr 27, 2024
Verified
In a manufacturing company goods that are ready to be sold to customers are referred to as ________________ whereas in a merchandising company they are generally referred to as _______________.
Finished Goods
Finished Goods are products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.
Merchandise Inventory
Goods and products that a business holds in stock with the intent of selling them to customers.
- Accurately compute the cost of goods available for sale and the cost of goods sold.
Verified Answer
FV
Learning Objectives
- Accurately compute the cost of goods available for sale and the cost of goods sold.
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