MER Question 8 Which one of the following is true concerning manufacturing and merchandising companies inventories? The balance sheet for both types of companies reports one category for inventories. Manufacturing companies report inventories in the order of liquidity. Both types of companies subtract total inventories from sales revenue on the income statement. Goods available for sale consist of Merchandise Inventory for merchandisers and Work in Process for manufacturers Click if you would like to Show Work for this question: Open Show Work