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Which one of the following is not included in the cost of inventory? Select one: a. Selling price b. Insurance for goods shipped in transit

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

Select one:

a. Selling price

b. Insurance for goods shipped in transit to warehouse, f.o.b. Shipping point

c. Packaging of merchandise

d. Shipping costs for goods sold to customers, f.o.b. Shipping point

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