Inventory does not include: Multiple Choice Materials used in the production of goods to be sold. Assets intended to be sold in the normal course of business. The cost of office equipment. Assets currently in production for normal sales.

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars