
Concept explainers
1.
Describe inclusion of inventory in normal brand-name goods purchased from the suppliers and not yet received when FOB shipping point are considered.
2.
Explain the reasons for inclusions of freight-in expenditures as as inventoriable cost.
3.
Describe the effect on the ending inventory and cost of goods sold when R uses weighted average costs method instead of the FIFO method.
4.
Explain the reasons for treating net mark-downs when making calculation of the estimated cost of ending inventory through conventional retail inventory method.
5.
List the products on consignment and its presentation on the

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Chapter 8 Solutions
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