ACCA FR Chapter 10 Inventory (IAS 2) Questions
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Please how is the unit price “12” for major jump book?
Isn’t it (16 – .50)??
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
I have to learn more IAS 2 to deeply understand to course
Hi,
Can you please explain how the above is calculated and why not all Qty x unit cost? Thanks.
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