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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Inventory Cost Consists of Purchase Price
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Inventory Cost Consists of Purchase Price

Question 187

Question 187

Multiple Choice

Inventory cost consists of purchase price:


A) plus freight-in.
B) plus freight-out.
C) less freight-in.
D) less freight-out.

Correct Answer:

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