a. What are the six cost categories that are important in managing goods for sale in a retail company? 1. 2. 3. 4. 5. 6. b. Classify the following items under one of the six cost categories: & costs of obtaining purchase approvals b. costs resulting from embezzlement by employees S. internal failure costs d. opportunity cost of the investment tied up in inventory costs associated with storage f costs of lost sales as a result of not having an item requested by a customer g freight-in charges h special processing costs costs of wages for work-in-process inspections costs that result from misclassifications and clerical errors