QUESTION 1 which of the following costs should be capitalized as part of a company's inventory balance The cost of purchased goods intran FOB hipping point The cost of goods out on consegment Interest costs incurred on moneyboard to purchase try The cost of raw materials QUESTION 2 Which of the following statements about inventory is false OLIFO gadation Post when the specife goods LIF approach is used and cause lower net income than usual The entry method can be adapted to come anycost flow assumption esther valuation method and can estimate ending entory in a way that is acceptable for our reporting odsotho Gross Profit method to ensure the estimated endng mentory is reasonable Acompany shendid we the Dollar UFO method to estimate ending inventory when the price of its products fructuses a great