Wilson Industries and Cargill Corporation are two similarly sized companies. Wilson is a merchandising company, whereas Cargill is a manufacturing company. Based on this information, what types of inventory would you expect each company to have?

Wilson will have finished goods, work in process, and raw materials, while Cargill will have only merchandise inventory.

Both Wilson and Cargill will have only merchandise inventory.

Wilson will have only merchandise inventory, while Cargill will have finished goods, work in process, and raw materials.

Both Wilson and Cargill will have finished goods, work in process, and raw materials.