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    Question

    Which of the following is excluded when calculating the

    cost of inventory?
    A Duties and taxes (other than those subsequently recoverable by the enterprise from the taxing authorities) Correct Answer Incorrect Answer
    B Freight inwards Correct Answer Incorrect Answer
    C Selling and distribution costs Correct Answer Incorrect Answer
    D Fixed production overheads Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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