The Cost of an Inventory Item Includes the _____________,Plus ______________

question 70

Essay

The cost of an inventory item includes the _____________,plus ______________ costs necessary to put it in a place and condition for sale.
answers must appear in this order

---

Definitions:

Reconditioning

The process of repairing, restoring, or otherwise returning a used or worn product to a good, usable condition, often involving replacing parts and a thorough cleaning.

Heat Checked

A term describing the presence of surface cracks on a component, such as a brake disc, caused by repeated heating and cooling cycles.

Governor Cutout Pressure

The pressure at which a compressor’s governor stops the compressor from building air, thereby preventing over-pressurization in a pneumatic system.

FMVSS-121

Refers to the Federal Motor Vehicle Safety Standard related to air brake systems, ensuring the performance and safety of heavy vehicles.