Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.
-costs to purchase goods ready to sell

Question

Quizplus · Accepted Answer

Merchandise inventory for retailers includes the costs to purchase goods that are ready for sale, encompassing the purchase price, freight-in, and any other direct costs associated with bringing the goods to a saleable condition.

Match the Inventory-Related Accounts to Costs That May Be Included