ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not included in cost of inventory
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Purchasing cost
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Transportation cost
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Import duty
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Selling cost
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Explanation:
Detailed explanation-1: -Storage cost is not included in the cost of inventory.
Detailed explanation-2: -The cost of inventory includes the cost of purchased merchandise, less discounts that are taken, plus any duties and transportation costs paid by the purchaser.
There is 1 question to complete.