Cost Accounting
University Of Minnesota
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TEST BANK-COST ACCOUTING ACCT 3201-(Chapter 20 Inventory Management, Just-in-Time, and Simplified Costing Methods)-VERIFIED A+
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---60juni 20212020/2021A+
- Cost Accounting: A Managerial Emphasis, 16e (Horngren) 
Chapter 20 Inventory Management, Just-in-Time, and Simplified 
Costing Methods 
20.1 Objective 20.1 
1) Among different types of costs associated with inventory, the costs of obtaining purchase 
approvals are ________. 
A) purchasing costs 
B) ordering costs 
C) stockout costs 
D) carrying costs 
Answer: B 
Diff: 2 
Objective: 1 
AACSB: Analytical thinking 
2) Among different types of costs associated with inventory, the incoming freight ch...
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