Which of these expenses are not included in valuation of closing stock lying with the consignee

Question

Quizplus · Accepted Answer

Godown rent is not included in the valuation of closing stock lying with the consignee because it is considered a period cost, not a product cost. Freight, insurance, loading, unloading, and custom duties are all costs associated with getting the goods to their location and are included in the valuation of closing stock.

Which of These Expenses Are Not Included in Valuation of Closing