When calculating cost of inventory AASB 102 requires which of the following costs are to be excluded?
A) abnormal amounts of wasted materials
B) selling costs
C) administrative overheads
D) All of the given answers should be excluded.

Question

Quizplus · Accepted Answer

AASB 102 requires that abnormal amounts of wasted materials, selling costs, and administrative overheads are to be excluded when calculating the cost of inventory. Therefore, all of the given answers should be excluded.

When Calculating Cost of Inventory AASB 102 Requires Which of the Following