Question
Carla VistaCo., a wholesale company, had the following information in its general ledger for the year 2018. Merchandise purchased for resale $545,000 Purchase returns $8,500
Carla VistaCo., a wholesale company, had the following information in its general ledger for the year 2018.
Merchandise purchased for resale $545,000
Purchase returns $8,500
Marketing expense $6,400
Freight-in $20,000
Interest on notes payable to vendors $5,000
Freight-out (delivery expense on sales $23,700
Cash discounts on purchases $5,240
What isCarla Vista's inventoriable cost for 2018?
I believe Merchandise purchased for sale and Freight in count as inventoriable costs
I also believe that marketing expenses and interest on notes payable would not count as inventoriable costs
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