Accounting · Inventory Valuation
Which two types of costs should be excluded when valuing inventories according to IAS 2 Inventories?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Abnormal waste and administrative overheads only
- 2Selling costs and storage costs (unless necessary in the production process)✓
- 3Storage costs and marketing costs
- 4Selling costs and marketing costs
Correct answer
Selling costs and storage costs (unless necessary in the production process)
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