Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Invoice price paid for resale goods
A)Add to inventory cost
B)Subtract from inventory cost
C)Not an inventory cost

Question

Quizplus · Accepted Answer

The invoice price paid for resale goods is considered a cost associated with acquiring the inventory and should be added to the cost of inventory.

Match the Costs That Might Be Included as Part of the Cost