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April 21, 2014

Homework Help: introduction to accounting

Posted by sandra on Thursday, April 7, 2011 at 9:15am.

a merchandising company wants to include the cost of operating its warehouse in the cost of inventory. The company’s controller argues that the cost of the warehouse is a reasonable and necessary cost of getting the inventory ready for sale and, therefore, should be included in the cost of the inventory. what impact will this descision have on the firm's income stement and balance sheet? Do you think the controller is justified in his actions? WHY

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