Webstudy with quizlet and memorize flashcards containing terms like merchandise inventory includes all of the following except: Goods held for sale goods located in the. Webo merchandise inventory includes all goods that a company owns and holds for sale, regardless of where the goods are located when inventory is counted. Webstudy with quizlet and memorize flashcards containing terms like merchandise inventory, physical inventory, what are the two main types of inventory systems and more. Websep 27, 2024 · periodic inventory procedure: Merchandise inventory is the cost of goods on hand and available for sale at any given time. Merchandise inventory (also called. Webmerchandise inventory is the cost of goods on hand and available for sale at any given time. Merchandise inventory (also called inventory) is a current asset with a normal debit.