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  3. Study Set
    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
  5. Question
    Inventory Cost Includes the Total Outlay Required to Acquire Goods
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Inventory Cost Includes the Total Outlay Required to Acquire Goods

Question 89

Question 89

True/False

Inventory cost includes the total outlay required to acquire goods plus the cost to prepare the goods for sale.

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