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Inventory - Coggle Diagram
Inventory
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Counting inventories
- the quantity of inventories held at the year end is established by means of a physical count of inventory is an annual counting exercise, or by a 'continuous' inventory count.
Valuing inventories
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~Determining the purchase cost - several techniques (FIFO, AVCO, LIFO)
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IAS 2 Inventories
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~ Cost of inventories - cost of purchase
- cost of conversion
- other costs
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