Which of the following costs are not included in finished goods inventory quizlet?

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Which of the following would not be included in the cost of the finished goods inventory of a manufacturer?

Which of the following would not be included in the cost of the finished goods inventory of a manufacturer? Freight-out expense is a selling expense and should not be included in the cost of inventory.

Which of the following cost are not included in finished goods inventory quizlet?

[D] Under absorption costing, VARIABLE AND FIXED SELLING AND ADMINISTRATIVE EXPENSES would not be included in finished goods inventory.

Which of the following costs is included in finished goods inventory?

The cost of finished goods includes all expense along the way and includes the three main components that go into the production of goods -- direct labor, direct materials and overhead.

What type of account is finished goods inventory quizlet?

The three inventory accounts ("raw materials", "work-in-process", and "finished goods") are all asset accounts and together they make up the total "Inventory" that is reported on the company's Balance Sheet.