Merchandise Inventory

Goods purchased from another company to sell to customers and kept on the premises of the store or in the company’s warehouse.

If John bought $4,000 in shoes from Brown Shoe Company and put them in his store to sell to sell to customers, the shoes he had in stock would be his merchandise inventory.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/merchandise-inventory/