Which of the Following Costs Would Be Included in Merchandise

question 67

Short Answer

Which of the following costs would be included in merchandise inventory?
(a)Purchase price
(b)Insurance in transit FOB shipping point
(c)Freight for delivery FOB shipping point
(d)Repair due to negligence of receiving clerk
(e)Receiving department employee salary
(f)Cost of processing purchase orders

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Definitions:

Participation

Involvement or engagement in an activity, process, or event by contributing effort, opinions, or resources.

Ancient Greeks

A civilization belonging to a period of Greek history that lasted from the Archaic period of the 8th century BC to the end of antiquity.

Night Sky

the appearance of the sky during the night, characterized by visible celestial bodies such as stars, planets, and the moon.

Galaxies

Massive systems of stars, stellar remnants, interstellar gas, dust, and dark matter, bound together by gravitational attraction.