Question 1
For merchandising companies, inventoriable costs include ________.
◦ selling expenses
◦ shipping (incoming) costs to acquire merchandise
◦ distribution costs
◦ outgoing freight and handling costs
Question 2
In the cost classification system used by manufacturing firms, assembly workers' wages would be included in ________.
◦ irrelevant cost
◦ direct manufacturing costs
◦ indirect manufacturing costs
◦ period cost