IAS 2 - Inventories
Definitions (2.6)
Inventories include 2.8
Measured at the lover of cost and NRV 2.9
Scope (2.2-2.5)
Measurement of inventories
Cost of purchase 2.11
Cost of conversion 2.12-14
other costs mostly excluded from the cost of inventory
2.15-16
direct labour, raw material, fixed and variable overheads
Cost formulas
Individually identifiable invetory (cars) 2.23
a cost identification 2.25
FIFO 2.27
Weighted average 2.27
Subsequent valuation 2.9
Net realisable value 2.6
cost
Recognition of an expense 2.34
Amount of previous write-down reversed 2.33
Disclosure in notes 2.36-39