Under AASB102 Inventories the cost of inventory must include A) administration and selling costs. B) transportation and handling costs. C) storage costs. D) abnormal wastage costs.

Question

Quizplus · Accepted Answer

AASB102 requires the cost of inventory to include transportation and handling costs. However, administration and selling costs, storage costs, and abnormal wastage costs are not included in the cost of inventory.

Under AASB102 Inventories the Cost of Inventory Must Include