Asked by

Dylan Baird
on Dec 17, 2024

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Which of the following should be included in inventory costs?

A) Goods that are not resalable
B) Goods on consignment to you
C) Goods for sale at a value that is greater than cost
D) Both A and B are correct.

Inventory Costs

Inventory Costs include all expenses related to acquiring, storing, and managing inventory, including purchase price, warehousing, and logistics.

Goods On Consignment

Items that are held by a seller but still owned by the supplier until sold, at which point the supplier receives payment minus a commission.

Resalable

Resalable refers to goods or products that can be sold again, either in their original condition or after being refurbished or repurposed.

  • Identify items that should or should not be included in merchandise inventory.
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AS
Ariel SanchezDec 23, 2024
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