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According to guidance in the IASB Codification, IASB 2 - Inventories, how should one account inventory costs using their cost formulas? How is this different

According to guidance in the IASB Codification, IASB 2 - Inventories, how should one account inventory costs using their cost formulas? How is this different from the FASB Codification (please provide the Topic/Subtopic number)

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