AASB 102 allows which of the following to be capitalised into the cost of inventory?
A) storage costs for finished goods
B) selling costs
C) normal wastage costs
D) administrative overheads

Question

Quizplus · Accepted Answer

Normal wastage costs can be capitalised into the cost of inventory under AASB 102, as they are considered part of the cost of bringing the inventory to its present location and condition.

AASB 102 Allows Which of the Following to Be Capitalised