Costs included in the value of inventory are:

Name: Costs included in the value of inventory are:
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Question

Quizplus · Accepted Answer

All of the options listed are costs that are included in the value of inventory. The purchase price less discounts is the cost of acquiring the inventory, storage is the cost of keeping the inventory, transportation-in is the cost of getting the inventory to the seller, and insurance is the cost of protecting the inventory. These costs are all part of the value of the inventory that a company holds.

Costs Included in the Value of Inventory Are