Which of the following statements is true of costs associated with goods for sal

Question

Which of the following statements is true of costs associated with goods for sale? Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory. Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories. The costs of receiving and inspecting the items are included in the purchase orders are ordering costs. Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.

Explanation / Answer

The costs of receiving and inspecting the items are included in the purchase orders are ordering costs.

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