All of the following costs would be included in the cost of inventory EXCEPT for:

Name: All of the following costs would be included in the cost of inventory EXCEPT for:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of inventory includes all costs incurred to acquire and get the inventory ready for sale, such as purchase price, transportation costs, taxes, and preparation costs. However, the sales commission paid to a salesperson is not a cost incurred in acquiring the inventory and therefore is not included in the cost of inventory.

All of the Following Costs Would Be Included in the Cost