Bramble Products has total inventory balances of $444,000. If 1/6 of the balance reflects goods that are completed and ready for sale, and 3/6 represents materials not yet placed into production, what are the balances in each of the three inventory categories for this manufacturer? Raw materials inventory A A Work-in-process inventory Finished goods inventory When comparing the financial reporting for service providers and merchandisers, which of the following statements is correct regarding these two business entities? O O O O Both business entities report cost of goods sold, but only merchandisers report merchandise inventory. Merchandisers report merchandise inventory and cost of goods sold but service providers usually do not. Both business entities report merchandise inventory but only merchandisers report cost of goods sold. Operating expenses are significantly different between service providers and merchandisers