question 14 (mandatory) (2 points) costs included in the merchandise inventory account can include invoice…

question 14 (mandatory) (2 points) costs included in the merchandise inventory account can include invoice price minus any discount. freight - in. storage. insurance. all of the above.

question 14 (mandatory) (2 points) costs included in the merchandise inventory account can include invoice price minus any discount. freight - in. storage. insurance. all of the above.

Answer

Brief Explanations:

Merchandise inventory costs include the net invoice price (invoice price minus discounts), freight - in for getting goods to the business, storage costs related to holding inventory, and insurance costs for protecting inventory.

Answer:

E. All of the above