Businesses use a variety of inventories as they service their customers. These include raw materials, work in progress and finished goods inventory for manufacturers or merchandise inventory for ...

Retail and wholesale merchandisers purchase ready-made goods to sell to customers. Each piece of merchandise is accounted for from the time it arrives at your store until a customer buys it. As a ...

Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.