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in this video weamp;#39;re going to talk about the different types of inventory uh for a manufacturing firm and itamp;#39;s 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 weamp;#39;re going to have some nuances here that that is what weamp;#39;re going to talk about so first of all weamp;#39;ve 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 weamp;#39;re looking at specifically here is this inventory component and what we find is that thereamp;#39;s actually thereamp;#39;s actually kind of subcategories of this so weamp;#39;ve got weamp;#39;ve got raw materials which Iamp;#39;ll just put as RM right now weamp;#39;ve got work in process which is whip and then
