The Ramien Store held inventory items at the end of 2014.Which items should Ramien include as part of its total inventory cost?

Question

Quizplus · Accepted Answer

The cost of storing inventory before it is sold is considered a part of the total inventory cost. Freight incurred in shipping goods to customers is not a part of inventory cost, taxes paid for operations are not related to inventory, and salaries of clerks selling inventory items are considered a part of operating expenses, not inventory cost.

The Ramien Store Held Inventory Items at the End of 2014.Which