Costs included in the Merchandise Inventory for the purchaser can include all of the following except:

	A.	Invoice cost less any discounts earned
	B.	Storage
	C.	Insurance
	D.	Transportation when sent FOB destination
	E.	Preparation for sale

The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its most recent cost is:

	A.	FIFO method
	B.	LIFO Method
	C.	Weighted average methods
	D.	Specific identification method
	E.	Lower of cost or market