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Homework answers / question archive / A merchandising firm has _____ inventory account(s)
A merchandising firm has _____ inventory account(s). A manufacturing firm has _____ inventory account(s).
a. three; one
b. one; three
c. two; thee
d. three; three
Answer choice: b. one; three
Explanation:
A merchandising firm has one inventory account which is the merchandising inventory account. A manufacturing firm has three inventory accounts which include the raw materials inventory, work in process inventory, and finished goods inventory.
