Identify types of companies and inventories
Fill in the blanks with one of the following terms: manufacturing, service, merchandising,
Retailer (s),wholesaler(s), raw materials inventory, merchandise inventory, work in process inventory, finished goods inventory, freight in, the cost of merchandise.
a. __________ companies generally have no inventory.
b. Boeing is a _______ company.
c. Merchandiser’s inventory consists of ______ and ________
d. _____companies carry three types of inventories: _____, __and ____.
e. Prudential insurance Company is a ______ company.
f. Two types of ____companies include __ and __.
g. Direct materials are stored in _____.
h. Sears is a ____company.
i. Manufacturers sell from their stock of ____.
j. Labor costs usually account for the highest percentage of ___ companies’ costs.
K. Partially completed units are kept in the ___