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

question 31

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Cost of insurance during transit to acquire inventory items

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

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Definitions:

External Genitalia

The outer parts of the reproductive system visible on the body's exterior, varying between males and females.

Phenylalanine

An essential amino acid that is a building block of proteins and is necessary for the body's production of neurotransmitters.

Genetically Inherited

Traits or conditions that are passed from parents to their offspring through genes.

Myoglobin

A pigment contained in muscle cells that stores extra oxygen.