Which of the following can be included when valuing inventory? (i) Direct material (ii) Direct labour (iii) Administration costs (iv) Production overheads
A、(i) and (ii) only
B、(i), (ii) and (iv)
C、(i), (ii)and(iii)
D、all of them
A、(i) and (ii) only
B、(i), (ii) and (iv)
C、(i), (ii)and(iii)
D、all of them
【参考答案及解析】
Inventory is valued at full production cost which includes direct material, direct labour and production overheads.
Inventory is valued at full production cost which includes direct material, direct labour and production overheads.