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Which of the following should be included in the cost of inventory? The cost of keeping the inventory records. Depreciation on the inventory warehouse. The
Which of the following should be included in the cost of inventory? The cost of keeping the inventory records. Depreciation on the inventory warehouse. The salesperson's commission. Shipping costs to purchase the inventory. Which of the following is NOT an inventory account in a manufacturing company? O Raw Material O Work-in-Process O Goods Available For Sale O Finished Goods A company had the following inventory activity during June: Units Unit Cost Total Cost Beginning inventory 450 $9.50 $4,275 Purchases: June 5 1,500 10 15,000 June 13 900 10.25 9,225 Sales: June 8 1,100 June 24 600 If the company is using a FIFO cost formula and a periodic system, what is the ending inventory? $11,275 $11,500 $11,725 O $12,000
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