Instructions: Determine the specific codification citation for items 1 through 4 below. List specific references using the codification address methodology (i.e. "FASB ASC 470-10-50-1"). (Value = 5 points each = 20 points total for Part 1) 1. Define the meaning of cost as it applies to the initial measurement of inventory. 2. Indicate the circumstances when it is appropriate to initially measure agricultural inventory at fair value. 3. What is a major objective of accounting for inventory? 4. Are abnormal freight charges included in the cost of inventory