YES
Merchandise inventory:
For the following period.
The discounts reduce the cost of the merchandise inventory.
Merchandise Inventory account
YES
Merchandise inventory:
For the following period.
The discounts reduce the cost of the merchandise inventory.
Merchandise Inventory account
Merchandise Inventory is a stock of products on hand of a merchandise company intended for sale.
Merchandise Inventory is an asset account that shows up on the balance sheet.
That is the correct spelling of the word "inventory" (stock of merchandise).
Merchandise Inventory is an asset account, so the normal balance is Debit.
It is true that merchandise Inventory is found on the income statement.
As a reduction to merchandise inventory
budgeted unit sales - beginning merchandise inventory + desired merchandise ending inventory.