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A. Obtain and review ASC 330-10-30, paragraphs 1 through 8. Which costs are included in inventory for US GAAP? D. Obtain and review IAS 2,

A. Obtain and review ASC 330-10-30, paragraphs 1 through 8. Which costs are included in inventory for US GAAP?

D. Obtain and review IAS 2, paragraphs 10 through 16. Which costs are included in inventory for IFRS?

G. In the case of cost inclusions and exclusions for inventory, which standard is more principle-based and which one is more rules based?

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