Which one of the following costs is not included in inventory for manufacturing firms? a. Raw materials

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Which one of the following costs is not included in inventory for manufacturing firms?

a. Raw materials used in production

b. Raw materials unused and stored in the warehouse

c. Salary paid to the company president

d. Finished goods stored in the warehouse

e. Work in process

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Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

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Question Posted: Apr 27, 2024 05:00 AM

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Which one of the following costs is not included in inventory for manufacturing firms? a. Raw materials

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The correct answer is c Salary paid to the company president The salary paid to the compa...View the full answer

Principles Of Financial Accounting IFRS Edition

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