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24 October, 14:41

The cost of an inventory item includes its invoice cost plus any added or incidental costs necessary to put it in a place and condition for sale, and minus any discount. True or false?

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  1. 24 October, 14:54
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    statement is true

    Explanation:

    the given statement is true because

    as we know the costs of an inventory item is includes the

    invoice price - discount (if any discount is given) + any added or incidental cost

    but we have given invoice cost + any added or incidental costs - any discount

    so we can say the given statement is true
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