Which of the Following Items Should Not Be Included in the Cost

question 216

Multiple Choice

Which of the following items should not be included in the cost of ending merchandise inventory?

• A) purchased units in transit, shipped FOB shipping point
• B) purchased units in transit, shipped FOB destination
• C) units on hand in the warehouse
• D) sold units in transit, not invoiced, and shipped FOB destination

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Definitions:

Transformational Leadership

A leadership approach that changes and elevates the aspirations and behaviors of followers through vision, inspiration, and support.

Levels of Organization

Refers to the hierarchy in which structures and systems are organized, typically ranging from the simplest to the most complex.

Departments

Distinct functional areas within an organization, each responsible for particular aspects of the organization's operations.

Authentic Leadership

A style of leadership that emphasizes the authenticity of leaders who are true to themselves and act in ways that are consistent with their values.