Costs included in the Merchandise Inventory account can include all of the following except:()
A: Damaged inventory that cannot be sold.
B: Storage.
C: Invoice price minus any discount.
D: Insurance.
A: Damaged inventory that cannot be sold.
B: Storage.
C: Invoice price minus any discount.
D: Insurance.
举一反三
- Costs included in the Merchandise Inventory account can include all of the following except: A: Invoice price minus any discount. B: Transportation-in. C: Storage. D: Insurance. E: Damaged inventory that cannot be sold.
- Costs<br/>included in the Merchandise Inventory account can include all of the<br/>following except: A: Invoice price minus any discount. B: Transportation-in. C: Storage. D: Insurance. E: Damaged inventory that cannot be sold.
- Which of the following cost belong to the inventory cost? A: transportation in B: insurance C: invoice cost D: storage
- Which ONE of the following statements is correct? A: All items held in inventory must be valued at historical cost B: All items held in inventory must be valued at selling price less expected costs to sell C: Items in inventory are likely to be valued at either cost or at net realisable value D: All items in inventory are likely to be valued at expected selling price
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold