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Each of the Following Items Pertains to One of These

Question 175

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Each of the following items pertains to one of these companies: Bedell Electronics (a manufacturing company),Gregory Food Retailers (a merchandising company),and Larson Real Estate (a service sector company).Classify each item as either inventoriable (I)costs or period (P)costs.
 Inventoriable (I) costs  or period (P) costs a. Salary of Bedell Electronics president b. Depreciation on Bedell Electronics assembly  equipment c. Salaries of Bedell’s assembly line workers d. Purchase of frozen food for sale to customers byGregory Food Retailers e.Salaries of frozen food personnel at Gregory Food Retailing f.Depreciation on freezers at Gregory Food Retailing g. Salary of a receptionist at Larson Real Estateh. Depreciation on a computer at Larson Real Estatei. Salary of a real estate agent at Larson Real Estate\begin{array} { |l|l|l| }\hline && \text { Inventoriable (I) costs }\\&&\text { or period }(P) \text { costs }\\\hline a.&\text { Salary of Bedell Electronics president }&\\\hline b.&\text { Depreciation on Bedell Electronics assembly }&\\&\text { equipment }\\\hline c.&\text { Salaries of Bedell's assembly line workers }&\\\hline d.&\text { Purchase of frozen food for sale to customers by}&\\&\text {Gregory Food Retailers }\\\hline e.&\text {Salaries of frozen food personnel at Gregory Food }&\\&\text {Retailing }\\\hline f.&\text {Depreciation on freezers at Gregory Food Retailing }&\\\hline g.&\text { Salary of a receptionist at Larson Real Estate}&\\\hline h.&\text { Depreciation on a computer at Larson Real Estate}&\\\hline i .&\text { Salary of a real estate agent at Larson Real Estate}&\\\hline\end{array}

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