RECOMMENDED!!ACCT561-As the accounting consultant for Rodriguez Company

  

As the accounting consultant for Rodriguez Company, a merchandising company, you have been asked to assist management in determining the proper accounting for items related to merchandise inventory.Required:For each of the following four items, determine whether or not each would be included in the cost of ending merchandise inventory.Sales Discounts :Included? OR Not Included?Freight Out (Delivery expense)Included? OR Not Included?Cost of inventory on handIncluded? OR Not Included?Freight-InIncluded? OR Not Included?

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