Which of the Following Is Not Included in the Cost

question 44

Multiple Choice

Which of the following is not included in the cost of inventory as defined by IAS 2/AASB 102?

• A) Cost of purchase.
• B) Import duties.
• C) GST.
• D) Costs incurred in bringing the inventory to its present location and condition.

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Definitions:

Product Sampling

Product sampling is a marketing tactic that involves giving potential customers a trial size of a product free of charge in order to introduce it and encourage purchase.

Social Media

Platforms and websites that enable users to create and share content or participate in social networking.

Ultimate Consumers

The final buyers or users of products and services for personal, non-business use.

Promotional Mix

The combination of advertising, personal selling, sales promotion, public relations, and direct marketing methods used to reach target customers and achieve marketing goals.