According to AASB 102,one or More of Which Set of Methods

question 45

Multiple Choice

According to AASB 102,one or more of which set of methods should be used to apply the costs of inventories to particular items of inventory?

• A) Specific identification, LIFO or FIFO.
• B) Absorption costing, weighted average costing or LIFO.
• C) FIFO, specific identification or weighted average cost.
• D) Weighted average costing, ABC costing or FIFO.
• E) None of the given answers.

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