Question

​Macy's (the department store​ chain) classifies its clothing held for sale as A. raw materials inventory. B. finished goods inventory. C. work in process inventory. D. merchandise inventory.

Answer 1

Answer: Merchandise Inventory

Explanation:

Merchandise inventory are finished products purchased by a business for which they plan to sell at a higher price than cost price. The clothing held for sale at Macy's department store is an example of merchandise inventory.