What is included in the cost of merchandise inventory quizlet?
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Which is not included in cost of merchandise inventory?A cost that is not included in the account of merchandise inventory is the cost of damaged inventory which cannot be provided to the customers for sales.
Which of the following are included in inventory?Inventory is the raw materials used to produce goods as well as the goods that are available for sale. It is classified as a current asset on a company's balance sheet. The three types of inventory include raw materials, work-in-progress, and finished goods.
What two elements are included in the cost of merchandise available for sale?The cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.
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