All of the Following Are Included in the Computation of Cost

question 54

Multiple Choice

All of the following are included in the computation of cost of goods sold except

• A)freight-out
• B)purchase returns and allowances
• C)beginning finished goods inventory
• D)freight-in

---

Definitions:

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, actions, or characteristics.

Observational Learning

Learning that occurs by watching the actions and outcomes of others' behaviors, without direct experience.

Imitate

The action of copying or mimicking the behaviors, actions, or characteristics of another individual or model.

Vicarious Punishment

Vicarious punishment occurs when an individual observes another being punished and then changes their own behavior to avoid experiencing the same consequences.