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

Finished goods

Merchandise inventory

Work-in-process

Cost of goods sold

Raw materials

Cost of material, labor, and other production-related costs incurred to date in unfinished goods.

Costs of completed items that have been sold to customers.

Cost of ingredients used to make a product.

Costs to purchase goods ready to sell.

Cost of completed, unsold items.

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