Which among the following expenses may be included as part of the cost of closing inventory? (i)

Question:

Which among the following expenses may be included as part of the cost of closing inventory?

(i) Factory staff salary

(ii) Machinery depreciation

(iii) Sales commission

(iv) Raw materials used

(v) Accounting expenses

(vi) Office rent

(vii) Stationery

(viii) Interest paid

(ix) Sales commission

(x) Direct labour
(xi) Factory rent

(xii) Advertising

(xiii) Postage

(xiv) Bad debts

(xv) Import duty

(xvi) Discount allowed

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 27, 2023 11:13 AM

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Which among the following expenses may be included as part of the cost of closing inventory? (i)

Question:

a i, ii, iii, ix, xiii bi, ii, iv, x, xi, xv cii, vii, xi, x, xi di, iv, vi, x, xi, xv

Step by Step Answer:

b i Factory staff salar...View the full answer

Financial Accounting An Introduction

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