Which of the Following Costs Would Not Be Included in the Inventory

question 20

Multiple Choice

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

• A)Invoice price
• B)Cost of goods held on consignment
• C)Freight-in
• D)Sales tax

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Definitions:

Operating Segments

Components of a business for which separate financial information is available and regularly evaluated by the company's decision-makers in deciding how to allocate resources and assess performance.

Reportable

Anything that must be officially noted and disclosed, often within financial contexts or compliance reporting.

Geographic Area

A specific portion of space distinguished by geographical boundaries or attributes, often used for analysis in business or economics.

U.S. Company

A corporation, partnership, or other business entity that is registered and operates within the United States.