Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.

1. Finished goods
2. Merchandise inventory
3. Work-in-process
4. Cost of goods sold
5. Raw materials

1. Cost of material, labor, and other production-related costs incurred to date in unfinished goods.
2. Costs of completed items that have been sold to customers.
3. Cost of ingredients used to make a product.
4. Costs to purchase goods ready to sell.
5. Cost of completed, unsold items.

Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.