Match the costs that might be included as part of the cost of inventory to the listed accounting treatment.
-Cost of insurance during transit to acquire inventory items
A)Add to inventory cost
B)Subtract from inventory cost
C)Not an inventory cost

Question

Quizplus · Accepted Answer

The cost of insurance during transit is directly related to acquiring the inventory items, so it should be added to the inventory cost.

Match the Costs That Might Be Included as Part of the Cost