When calculating cost of inventory IAS 2 requires which of the following costs are to be excluded?
A)abnormal amounts of wasted materials
B)selling costs
C)administrative overheads
D)All of the given answers should be excluded.

Question

Quizplus · Accepted Answer

IAS 2 requires that abnormal amounts of wasted materials, selling costs, and administrative overheads be excluded from the cost of inventory.

When Calculating Cost of Inventory IAS 2 Requires Which of the Following