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How to value inventory under IAS 2 ..Need complete answer with all the valuations?

Need a complete answer.not just lower of cost and NRV

Accounting Inventory Accuracy Inventory Analysis Inventory Management
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Question added by Rafi ullah , Executive Internal Auditor , Bahri & Mazroei Group Dubai
Date Posted: 2015/04/14
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

Under IAS2 Inventory, Inventory should be valued on Lower of 

1) Cost

2) NRV 

 

For Detailed Ans, please to read the full Standard IAS2.

 

Thanx

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