Which of the following is not included in cost of inventory?

The correct answer is D. Selling Costs.

Cost of inventory is the total cost of the goods that a company has on hand for sale. It includes the purchase cost of the goods, as well as any other costs associated with acquiring them, such as transportation costs and import duties. Selling costs, on the other hand, are the costs associated with selling the goods, such as sales commissions and advertising costs.

Here is a more detailed explanation of each option:

• Option A: Purchase Cost. The purchase cost of goods is the price that a company pays to acquire them. This includes the cost of the goods themselves, as well as any additional costs associated with the purchase, such as shipping and handling fees.
• Option B: Transport in Cost. Transport in cost is the cost of transporting goods from the seller to the buyer. This includes the cost of shipping, as well as any other costs associated with transporting the goods, such as insurance and customs fees.
• Option C: Import Duty. Import duty is a tax that is imposed on goods that are imported into a country. This tax is usually calculated as a percentage of the value of the goods.
• Option D: Selling Costs. Selling costs are the costs associated with selling goods. This includes the cost of sales commissions, advertising, and marketing.

I hope this helps!