Page 87 - SBR Integrated Workbook STUDENT S18-J19

Agriculture and inventories

Inventories

2.1 Summary of recognition and measurement

As per IAS 2 Inventories:

INVENTORIES

measure at
lower of:

Expected
Net
selling price
Cost realisable less expected
value
costs to sell

Actual Average First in-
cost cost first out

Further detail can be found in Section 2 of Chapter 6 in your Study Text.

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