Inventory Costs include all of the following except: Multiple Choice The purchase price of the inventory. Cost of transporting the purchased inventory to the company's premises. Cost of transporting the sale of inventory to the customer's premises. The cost reduction for purchase discounts earned when the purchase invoice is paid within terms.

Which type of intangible asset does a company capitalize when the only costs incurred to date are research and development costs? Multiple Choice Franchise. Patent. Goodwill. No intangible asset would be recorded.