The Cost of Inventory Is The

question 70

Multiple Choice

The cost of inventory is the:

• A) purchase price.
• B) sum of all the costs incurred to bring the inventory to its intended use.
• C) sum of all the costs incurred to bring the inventory to its intended use, plus any discounts and allowances.
• D) sum of all the costs incurred to bring the inventory to its intended use, less any discounts and allowances.