Multiple choice (please answer with choice a,b,c,d) Theoretically, how should the following transactions (1 and 2) affect the costs to be included in a manufacturer's inventory Insurance on raw materials while in transit 2 Cash discounts taken on purchased raw materials a Increase No effect b Increase Decrease c No effect Decrease d No effect No effect

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Multiple choice (please answer with choice a,b,c,d). Theoretically, how should the following transactions (1 and 2) affect the costs to be included in a manufacturer's

Multiple choice (please answer with choice a,b,c,d).

Theoretically, how should the following transactions (1 and 2) affect the costs to be included in a manufacturer's inventory?

Insurance on raw materials while in transit	2. Cash discounts taken on purchased raw materials
a. Increase	No effect
b. Increase	Decrease
c. No effect	Decrease
d. No effect	No effect

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