A reason for not allocating all the outgoings incurred in bringing the inventory to its present location and condition to the cost of inventory is:

Question

Quizplus · Accepted Answer

All the options provided are valid reasons for not allocating all the outgoings incurred in bringing the inventory to its present location and condition to the cost of inventory. These include the potential immaterial impact on reported profit or carrying amount of inventory, the time-consuming nature of allocating some costs, and the minor nature of incidental acquisition costs.

A Reason for Not Allocating All the Outgoings Incurred in Bringing