Question: BE 8 . 2 ( LO 1 , 1 1 ) Show whether the following would be considered inventory for a public company like Ford
BELO Show whether the following would be considered inventory for a public company like Ford Motor Corporation. If so show the inventory category to which that item would belong. a Engines purchased to make the Ford F b Nuts and bolts purchased to attach the engine to the car body c Spare parts purchased for the manufacturing equipment d Standby equipment in case a machine breaks down e Wages paid to assemblyline employees f Rent for a manufacturing facility g Wages paid to a supervisor h Ford F ready to be shipped to the dealer i Manufacturing plant How would your responses change if the manufacturer followed ASPE?
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