Test your knowledge of mdct.ru with our costs included in inventory quiz.
In order to correctly establish the cost of inventory to be shown on the balance sheet of a business it is first necessary to understand and identify which costs are required to bring the inventory to its present location and condition ready for sale.
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Identify whether each of the following costs are included or excluded from the cost of inventory.
For each question click on an answer to reveal whether its Right! or Wrong.
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