All expenditures necessary to bring an item to a salable condition and location. This statement is the definition of:
a. Inventory costs
b. Cost of goods sold
c. Invoice cost
d. Freight cost
e. None of these
Answer: A
All expenditures necessary to bring an item to a salable condition and location. This statement is the definition of:
a. Inventory costs
b. Cost of goods sold
c. Invoice cost
d. Freight cost
e. None of these
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.