Which of the Following Statements Is True of Costs Associated

Multiple Choice

Which of the following statements is true of costs associated with goods for sale?

A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
C) Purchasing costs include incoming freight costs and are reduced by discounts
D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.