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

Carriage inwards

Carriage outwards

Depreciation of factory plant

General administrative overheads

A. 1 , 3

B.1,2, 4

C.2, 3

D.2, 3, 4

Q8.

Which of the following statements are correct?

i. All non-current assets must be depreciated.

ii. An entity can use the revaluation method to value Goodwill in the statement of financial position.

iii. If a tangible non-current asset is revalued, all tangible assets of the same class should be revalued.

iv. In a companys published statement of financial position, tangible assets and intangible assets must be shown separately.

A. I , II

B.I , IV

C.II , III

D. III, IV