Which of the following costs should be included in valuing inventories of finished goods held by a manufacturing
company, according to IAS2 Inventories?

1    Carriage inwards.
2    Carriage outwards.
3    Depreciation of factory plant.
4    Accounts department costs relating to wages for production employees.

A    All four items
B    2 and 3 only
C    1, 3 and 4 only
D    1 and 4 only

C