The cost of merchandise inventory is limited to the purchase price less any purchase discounts. 928 viewsFebruary 11, 2020 0 Darshita6.14K February 11, 2020 0 Comments The cost of merchandise inventory is limited to the purchase price less any purchase discounts. 1 Answer ActiveVotedNewestOldest 0 Darshita6.14K Posted February 11, 2020 0 Comments Answer: False The cost of merchandise inventory is limited to the purchase price less any purchase discounts is false You are viewing 1 out of 1 answers, click here to view all answers. Register or Login