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What is not included in the merchandise inventory?What is Not Considered Merchandise Inventory?. Raw materials.. Work-in-process inventory.. Goods that have been sold.. Other purchased goods such as office or manufacturing equipment.. Which of the following costs are included in the merchandise inventory account?Costs that are included in "merchandise inventory" include the cost of the product, transportation-in costs, packaging costs, transit insurance, etc. What is the difference between a product cost and a selling and administrative cost? Product costs are costs associated with goods for resale, usually inventory costs.
What should be included in merchandise inventory?Merchandise inventory includes all goods that have been purchased but not yet sold. This unsold inventory is categorized as a current asset on a company's balance sheet.
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Which of the following cost is not included in the merchandise inventory account quizlet?
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