_____________________ inventory consists of goods a company acquires to use in making products.

____________________ inventory consists of products in the process of being manufactured but not yet complete.

____________________ inventory consists of completed products ready for sale by a manufacturer.

A manufacturer's inventory that is not completely finished is called __________________.

One of the main differences between the calculation of cost of goods sold for a merchandiser and that of a manufacturer is that the calculation includes cost of goods purchased for the merchandiser, but the manufacturer replaces that with __________________________.