IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.
Which of the following statements about the IAS 2 requirements in this area are correct? 1 Finished goods inventories may be valued on the basis of labour and materials cost only, without including
overheads.
2 Carriage inwards, but not carriage outwards, should be included in overheads when valuing inventories of
finished goods.
3 Factory management costs should be included in fixed overheads allocated to inventories of finished goods. A All three statements are correct
B 1 and 2 only
C 1 and 3 only
D 2 and 3 only D | 
发表于 2008-5-12 09:30
|