Which of the Following Would Not Be Included in Inventory

question 232

Multiple Choice

Which of the following would not be included in inventory costs?

• A) Freight costs incurred by the buyer in shipping inventory to its place of business.
• B) The cost of insurance taken out during the time that inventory is in transit.
• C) The cost of storing inventory before it is ready to be sold.
• D) Shelving to hold the inventory.

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Definitions:

Argument Sound

A quality of an argument wherein it is both valid and its premises are true, leading to a correct conclusion.

Circular

An advertisement, notification, or policy issued to a large group of people, typically in the form of a letter or email.

Implausible Claim

A statement or assertion that appears unlikely to be true based on existing evidence or reasoning.

Critical Thinker

An individual who possesses a strong ability to engage in reflective and independent thinking, in order to make reasoned and well-thought judgments.