Which of the following items should not be included in the cost of inventory?Select one:O a. The initial purchase price of inventoryO b. Freight out cost to deliver inventory to a customerc. Insurance cost paid to purchase the inventoryd. Delivery cost paid to purchase the inventory

All cost of purchases, cost of conversion, and other costs incurred in bringing the inventories to…

Answered: Which of the following items should not…

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Accounting

Which of the following items should not be included in the cost of inventory?

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Which of the following items should not be included in the cost of inventory?
Select one:
O a. The initial purchase price of inventory
O b. Freight out cost to deliver inventory to a customer
c. Insurance cost paid to purchase the inventory
d. Delivery cost paid to purchase the inventory

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