Question: Multiple choice (please answer with choice a,b,c,d). Theoretically, how should the following transactions (1 and 2) affect the costs to be included in a manufacturer's

Multiple choice (please answer with choice a,b,c,d).

Theoretically, how should the following transactions (1 and 2) affect the costs to be included in a manufacturer's inventory?

  1. Insurance on raw materials while in transit

2. Cash discounts taken on purchased raw materials

a. Increase

No effect

b. Increase

Decrease

c. No effect

Decrease

d. No effect

No effect

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