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

question 216

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Cost of storing the goods before they are sold to customers

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

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Definitions:

Class System

A form of social stratification where people are grouped into a set of hierarchical social categories, the most common being the upper, middle, and lower classes.

Closed Class System

A social stratification system where mobility between classes is limited or non-existent, and one's social status is often inherited.

Wealth

An abundance of valuable resources or material possessions.

Inherited

Traits or properties received from previous generations through genetic transmission.