A FIRM INCURRED THE FOLLOWING COSTS RELATED TO PRODUCTION DURING...

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A firm incurred the following costs related to production during the past year: $ millionsFixed production overhead costs 3.0Raw materials costs 6.0Labor costs 4.0Freight-in costs for raw materials 1.0Warehousing costs for finished goods 2.0The total capitalized inventory cost (in US$ millions) for the year is closest to: A. 16.0. B. 13.0. C. 14.0.

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