which of the following costs is not included in the merchandise inventory:

damage inventory that cannot be sold.

invoice price minus any discounts.

insurance.

import duties.

storage.

which of the following statement is false:

FIFO's ending inventory is valued at the most recent price.

it LIFO is used for tax purposes. it must be used for financial purpose

FIFO's ending inventory is valued at the oldest price

under FIFO, cost of goods sold is valued at the oldest prices.

under LIFO, cost of goods sold is valued at more recent price. producing a better matching of expensive with revenue.

which of the following pertaining to cash equivalents I'd false:

they're more liquid than cash.

they're close enough to they due date so that their maker value will not greatly change.

they must usually be within three months of their due date.

they're readily convertible to a known cash amount.

they include short-term U.S treasury.

A company had cost of goods sold of $9,821 million, ending Inventory of $2,489 million, and average Inventory of $2,005 million Its days' sales In Inventory equals: Multiple Choice 17.7 18.0 745 days O 0.2 0 925 days