State whether or not each of the following should be included in or excluded from cost of

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State whether or not each of the following should be included in or excluded from cost of inventory of a for- profit enterprise:
a. Shipping costs, FOB
b. Canadian sales tax paid on purchases
c. Cost of storing inventory in a warehouse
d. Insurance on inventory on hand
e. Costs of distributing goods to regional distribution centers
f. Customs duty when importing from abroad

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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