Question

Which of the following is included in the 'Cost of Inventory' according to Accounting Standard-2 (Inventory Valuation):

A Administrative overheads that do not contribute to bringing the inventories to their present location and condition
B Storage costs which are necessary in the production process prior to a further production stage
C Selling and distribution costs
D Duties and taxes paid on purchases, subsequently recoverable by the enterprise from the Tax Authorities
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