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Merchandise inventory is an important asset for commercial and industrial establishments. In light of the above, discuss the following, enriched with illustrative examples. Question(1): Items

Merchandise inventory is an important asset for commercial and industrial establishments.

In light of the above, discuss the following, enriched with illustrative examples.

Question(1):

Items of paid costs that are included in determining the cost of merchandise inventory in each of the commercial establishments and industrial establishments, and items that do not fall within the cost of inventory and are therefore treated as an expense?

**Please, I need a full and specific answer

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