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describe how the inventory sections of the balance sheet vary for retailers/wholesalers vs. manufacturers

describe how the inventory sections of the balance sheet vary for retailers/wholesalers vs. manufacturers

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There will be a variation in the inventory sections of the balance sheet of Retailers/Wholesalers vs. manufacturer.

In general Retailers/Wholesalers won't manufacture and hence they have only one type stock in the inventory sections i.e ready for sale goods.But when it comes to manufacturer he have 3 types of closing stock namely finished goods which is ready for use,Work in progress goods which is semi manufactured and till needed to be manufactured to get ready for use and raw material which is not entered into manufacturing currently but will manufactured in future for creating the intended use.

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