Match the Costs That Might Be Included as Part of the Cost

question 218

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment. (Choices may be used more than once.)
-Returned goods to the seller.

• A)Add to inventory cost
• B)Subtract from inventory cost
• C)Not an inventory cost

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Definitions:

Note

A brief record used to aid the memory or for future reference.

Mechanism

The underlying process or system that enables something to function or produces a particular outcome.

Mediation

The process through which tools organize people’s activities and ways of relating to their environments.