What are Merchandise Inventory?

by Anonymous

Q: What are merchandise inventory? What does this consist of?

A: Merchandise are finished goods that can be sold to the consumer. This includes anything from toys to cars, radios, Ipods, etc. Commercial products/goods.

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merchindise inventory
by: gebeyehu

it is not satisfied b/se i want not only definition but i want including how to calculate
so how to include inventory in income statement & balance sheet?