Measuring inventories  LO8 AASB 102/IAS 2 Inventories allows producers of gold and silver to measure inventories of these commodities at selling price even before they have sold them, which means income is recognised at production. In nearly all other industries, however, income is recognised only when the inventories are sold to outside customers. What concepts in the conceptual framework might the standard setters have considered with regard to accounting for gold and silver production?