tion 10 Which of the following is correct? A. Manufacturing companies have no inventories B. Merchandizing companies have beginning and ending inventory C. Service companies have zero inventory D. Beginning inventory for one year is beginning for the next year Question 9 Which of the following is true about markup in retail inventory? OA. Markup cancelation lead to loss OB. Markup and purchase returns are the same C. Markup plus markdown=retail price OD. Markup is done after good are available for sale