According to AS-2 Inventories, which of the following costs should be included in valuing the inventories of

Question:

According to AS-2 Inventories, which of the following costs should be included in valuing the inventories of a manufacturing company ?
(i) Freight and insurance
(ii) Carriage outwards
(iii) Depreciation of factory plant
(iv) General administrative overheads
A. all four items
B. (i), (ii) and (iv) only
C. (ii) and (iii) only
D. (i) and (iii) only

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