Final answer:
Merchandising concerns do report the cost assigned to unsold units as inventory, but not necessarily as finished goods inventory.
Step-by-step explanation:
False. Merchandising concerns report the cost assigned to unsold units left on hand as inventory, but not necessarily as finished goods inventory. Inventory refers to the goods held by a company for the purpose of resale. It includes both finished goods that are ready for sale as well as raw materials and work-in-progress.