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    Intermediate Accounting Study Set 9
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    Both US GAAP and IFRS Exclude Which of the Following from from the Cost
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Both US GAAP and IFRS Exclude Which of the Following from from the Cost

Question 168

Question 168

Multiple Choice

Both U.S. GAAP and IFRS exclude which of the following from the cost of inventory?


A) Selling costs
B) General administrative costs
C) Storage costs of finished goods
D) All of these are excluded by U.S. GAAP and IFRS.

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