Inventory Assets

Purchased or manufactured for sale; fundamental resources for generating corporate profits.

Merchandise: goods purchased for resale in the course of business operations.
Products: goods manufactured in-house for sale.
Semi-finished goods: intermediate products and parts manufactured in-house (e.g., clock hands).
Work-in-process: goods in the process of being manufactured for the production of products.
Raw materials: raw materials and materials purchased for the purpose of manufacturing and processing finished goods.
Supplies: consumables, repair parts, and other items.

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