1.-Costs included in the Merchandise Inventory account can include:A)-Invoice pr

1.-Costs included in the Merchandise Inventory account can include:A)-Invoice price minus any discount.B)-Freight-in.C)-Storage.D)-Insurance.E)-All of the above.2.-The inventory turnover ratio is calculated as:A)-Cost of goods sold divided by average merchandise inventory.B)-Sales divided by cost of goods sold.C)-Ending inventory divided by cost of goods sold.D)-Cost of goods sold divided by ending inventory.E)-Cost of goods sold divided by ending inventory times 365.3.-Source documents:A)-Are input devices.B)-Provide the basic information processed by an accounting system.C)-Cannot be electronic files.D)-Store processed information for future use.E)-All of the above.4.-A subsidiary ledger that contains a separate account for each supplier (creditor) to the company is a(n):A)-Controlling account.B)-Accounts receivable ledger.C)-Accounts payable ledger.D)-General ledger.E)-Special journal.