According to IAS 2 Inventories, which of the following costs should be included in valuing the inventories of a manufacturing company?

(1) Carriage outwards

(2) Depreciation of factory plant

(3) Carriage inwards

(4) General administrative overheads

1 answer

(2) Depreciation of factory plant

(3) Carriage inwards

General administrative overheads would not be included in valuing inventories according to IAS 2 Inventories.