Which of the Following Should Not Be Included in an Inventory

question 65

Multiple Choice

Which of the following should not be included in an inventory count?

• A)goods taken home by a customer on approval
• B)purchased goods shipped FOB shipping point still in transit from a supplier
• C)consigned goods
• D)consigned goods and goods taken home by a customer on approval

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Definitions:

Drones

Unmanned aerial vehicles (UAVs) operated by remote control or onboard computers, utilized for various purposes including surveillance, delivery, and recreation.

ATC

The total production cost divided by the amount of goods produced is known as Average Total Cost.

TC

The abbreviation often used for "Total Cost," which refers to the overall expenses incurred in the production of goods or services.

Total Fixed

The sum of all costs that do not change with the level of production or business activity, such as rent or salaries.