Differentiate between merchandising inventory and manufacturing inventory?
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Differentiate between merchandising inventory and manufacturing inventory?
Merchandise Inventory is inventory that a store purchased to resell like Macy's or Sears.
Manufacturing inventory is inventory that is made by the manufacturer like a car manufacturer
Retailers have merchandise inventory. That's they buy the ready made products and sell it to consumers. e.g; shampoo, soap etc.
Manufacturing inventory includes 3 things: Raw material, Work in process and finished goods. It includes factories for shampoo and soap.
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