One of the most important problems in dealing with inventory is the amount at which the inventory should be carried on the books. What are the items

One of the most important problems in dealing with inventory is the amount at which the inventory should be carried on the books. What are the items that should be included as inventory? Remember to consider purchase returns, purchase discounts, and how discounts are applied. This week, we will also discuss cost-flow assumptions.

QUESTION:One of the most important problems in dealing with inventory is the amount at which theinventory should be carried on the books. What are the items that should be included asinventory?...