How do you manage fluctuating currencies related to costing inventory that are fast moving & at what value will you assign to non-moving inventory ?

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According to IAS 2 Inventories, which of the following costs should be included ...
Posted by:
Asad zaman
06-August-2014

Costing

Question added by Orlando Andaya , Managing Partner , Self-employed
Date Posted: 2014/01/31

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by ched oliverio , Accountant , Freelance

thats all dependent on company policy, normally for fast moving its last invoice price like in the case of fuel....for non-moving its fair market value with price diff charged directly to profit & loss

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How do you manage fluctuating currencies related to costing inventory that are fast moving & at what value will you assign to non-moving inventory ?

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