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FA – May 2018 – L1 – SA – Q3 – Accounting for Inventories in Accordance with IAS 2

Identifies the items included in the cost of inventories.

Which of the following is included in the cost of inventories?
A. Abnormal amounts of wasted materials, labour, and other production costs
B. Conversion costs
C. Storage costs
D. Administrative overhead
E. Selling costs

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FA – May 2016 – L1 – SA – Q6 – Accounting for Inventories in Accordance with IAS 2

A question about the components that are part of the cost of inventories according to IAS 2.

Question:
Which of the following is NOT part of the cost of inventories, in relation to IAS 2 Inventories?
A. The purchase price
B. Import duties
C. Transport costs
D. Handling costs
E. Selling costs

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FA – May 2018 – L1 – SA – Q3 – Accounting for Inventories in Accordance with IAS 2

Identifies the items included in the cost of inventories.

Which of the following is included in the cost of inventories?
A. Abnormal amounts of wasted materials, labour, and other production costs
B. Conversion costs
C. Storage costs
D. Administrative overhead
E. Selling costs

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You're reporting an error for "FA – May 2018 – L1 – SA – Q3 – Accounting for Inventories in Accordance with IAS 2"

FA – May 2016 – L1 – SA – Q6 – Accounting for Inventories in Accordance with IAS 2

A question about the components that are part of the cost of inventories according to IAS 2.

Question:
Which of the following is NOT part of the cost of inventories, in relation to IAS 2 Inventories?
A. The purchase price
B. Import duties
C. Transport costs
D. Handling costs
E. Selling costs

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You're reporting an error for "FA – May 2016 – L1 – SA – Q6 – Accounting for Inventories in Accordance with IAS 2"

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