Saturday 23 April 2016

1.ABC Co. Ltd, a construction company, purchases raw materials for use in its ongoing projects. Which of the following may be included in the cost of inventory?
   Non-refundable import tariff

Construction costs incurred in building shed for safe storage of inventory at construction sites

Warehousing costs for storage of inventory

Transportation charges paid for the delivery of inventory at the company's warehouse.

Sales tax on purchase of inventory

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