Under IAS 2/AASB 102 the costing method that is not permitted is:

Name: Under IAS 2/AASB 102 the costing method that is not permitted is:
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Quizplus · Accepted Answer

IAS 2/AASB 102 does not allow the use of LIFO (Last-In, First-Out) costing method for inventory valuation. Therefore, the best choice is D as it is the only option that is not permitted. Specific identification, FIFO (First-In, First-Out), and weighted/moving average are all acceptable costing methods under IAS 2/AASB 102.

Under IAS 2/AASB 102 the Costing Method That Is Not