The following are components of what type of inventory cost: finance charges, warehousing, and shelf space,...

The following are components of what type of inventory cost: finance charges, warehousing, and shelf space, handling equipment, bookkeeping, insurance, taxes or spoilage?

a. Total cost

b. Ordering cost

c. Holding cost

d. Maintenance cost

Solutions

Expert Solution

a. Total cost

The total cost of inventory actually deals with all the costs that are being discussed here and if we talk about bookkeeping, insurance, taxes, etc. Maintenance cost does not include tax and insurance aspect but all the other aspects are included. total cost includes all the mentioned aspects mentioned about inventory.

keosha answered 1 year ago

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