Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Income taxes paid on profits earned from selling goods to customers
A)Add to inventory cost
B)Subtract from inventory cost
C)Not an inventory cost

Question

Quizplus · Accepted Answer

Income taxes paid on profits earned from selling goods to customers are not considered part of the cost of inventory.

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