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in this video were going to talk about the different types of inventory uh for a manufacturing firm and its important to specify manufacturing uh firm because a merchandising firm just buys inventory and then sells inventory the inventory that giv already put together but a manufacturing firm uh were going to have some nuances here that that is what were going to talk about so first of all weve already kind of talked about things like uh direct materials direct labor and manufacturing overhead and how these costs these costs go into inventory and then they flow out of the firm through cost of goods sold right so what were looking at specifically here is this inventory component and what we find is that theres actually theres actually kind of subcategories of this so weve got weve got raw materials which Ill just put as RM right now weve got work in process which is whip and then weve got finished goods and in the rest of this video Im going to explain each of these in mor
