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(f) i) Refer to the Accounting Standard AASB102 Inventories. Define the cost and net realisable of inventories. Quote the relevant paragraphs of the Standard. What

(f) i) Refer to the Accounting Standard AASB102 Inventories. Define the cost and net realisable of inventories. Quote the relevant paragraphs of the Standard.

What is the inventory valuation rule? Quote the relevant paragraph from AASB102.

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