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ACCA FR Chapter 10 Inventory (IAS 2) Questions

VIVA

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Comments

  1. Makebe says

    July 14, 2024 at 2:10 pm

    Please how is the unit price “12” for major jump book?
    Isn’t it (16 – .50)??

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    • adhi2001 says

      November 22, 2024 at 6:25 pm

      as we valuate the item in inventory
      the formula for it is

      (FV-cost to sell) v/s book value (whichever is low)

      since book value is lesser than the latter, we valuate it using the book value only

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  2. akono says

    April 18, 2024 at 2:33 pm

    I have to learn more IAS 2 to deeply understand to course

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  3. vijay says

    November 30, 2020 at 5:43 pm

    Hi,

    Can you please explain how the above is calculated and why not all Qty x unit cost? Thanks.

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  4. tpile says

    August 19, 2020 at 7:05 am

    SIR,
    In question 03, we anyway can’t include any “abnormal costs” isn”t it. Why is that it is not an answer to this question.
    Thankyou

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