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Calculator Which of the following items should not be included in the cost of ending merchandise inventory? a. purchased units in transit, shipped FOB destination
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Which of the following items shouldnotbe included in the cost of ending merchandise inventory?
a. purchased units in transit, shipped FOB destination
b. units on hand in the warehouse
c. sold units in transit, not invoiced, and shipped FOB destination
d. purchased units in transit, shipped FOB shipping point
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