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Which of the following is wrong? Manufacturing companies generate revenues and profits through the sale of inventory. Raw materials inventories are normally not for resale.

  1. Which of the following is wrong?
  1. Manufacturing companies generate revenues and profits through the sale of inventory.
  2. Raw materials inventories are normally not for resale.
  3. Merchandisers do not retain work-in-process inventory.
  4. All of the above

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