Merchandise inventory includes:

A) All goods owned by a company and held for sale.
B) All goods in transit.
C) All goods on consignment.
D) Only damaged goods.
E) Only non-damaged goods.

Merchandise Inventory

Goods or products that a retail or wholesale company holds for the purpose of selling them to customers.

Goods On Consignment

Merchandise that is sent to a retailer by the vendor to be sold but remains the property of the vendor until sold.

Damaged Goods

Items that are broken, defective, or impaired in some way, which typically reduce their value or usefulness.