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) Cost of outgoing goods shipped FOB destination
D) Sales tax
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q32: Under rising prices,why will the FIFO method
Q83: How does the perpetual inventory system differ
Q88: Prior to a fire that destroyed most
Q90: Cost of goods sold equals $1,000,000,and average
Q91: Assume that during the physical count of
Q92: For each of the following descriptive statements,indicate
Q94: In accounting for inventory,the assumed cost flow
Q95: Use this inventory information for the month
Q96: Which inventory method generally results in the
Q98: A company has cost of goods available