Which of the following is usually included as an inventory holding cost?

Sweeten Company uses a perpetual inventory system. At the beginning of the year, inventory was $10,000. During the year, purchases amounted to $50,000, and sales totaled $80,000. At year-end, a physical count showed ending inventory of $8,000. What is Sweeten Company's cost of goods sold for the year?

Which one of the following items is NOT considered a manufacturing cost under both perpetual and periodic inventory systems?

Which of the following is NOT considered a factory overhead cost?

Which of the following is considered an inventory ordering cost under inventory management systems?

Which of the following is the correct formula for determining Cost of Goods Manufactured (COGM)?

Which of the following items is NOT considered a product cost under both perpetual and periodic inventory systems?

Which of the following is considered in the calculation of unit cost under absorption costing?

11. Under the perpetual inventory system, how is the cost of goods sold (COGS) determined when inventory is sold?