The expense that theoretically is not a correct part of inventory cost is:

1/1

accounting costs for materials received

freight-in

freight-out

inspection costs

purchasing costs

The materials requisition:

1/1

informs the purchasing agent of the quantity and kind of materials needed

authorizes the storeroom to deliver types and quantities of materials to a given department

is the list of materials requirements for each step in the production sequence

contracts for quantities to be delivered

certifies quantities received and reports results of inspection and testing

The receiving report:

1/1

is the list of materials requirements for each step in the production sequence

contracts for quantities to be delivered

authorizes the storeroom to deliver types and quantities of materials to a given department

informs the purchasing agent of the quantity and kind of materials needed

certifies quantities received and reports results of inspection and testing