I have some questions related to IAS 2 - Inventory, please provide me the best answer with explanation:

Londerjack is startup electric appliance manufacturer which has three main products in

the brand of Roll2Roll - Air conditioners, Washing machines and Refrigerators. In the

production of air conditioners and washing machines, Londerjack has to purchase components used in production from various suppliers. For refrigerators, Londerjack imports refrigerators from Vietnam and sells them as the brand of Roll2Roll

If you are the head of accounting department of this company, please clearly

explain these following issues related to IAS 2 - Inventory.

1- Could you define products as Roll2Roll 's inventory?

2- Explain pros and cons if Londerjack applied the perpetual inventory system to record

transactions related to inventory.

3- Explain the most suitable method to compute the cost of three main products.

4- According to 3), define costs which should be included in the cost of three main

products.

5) Explain the end-of-period accounting processes which should be applied to Londerjack

6) According to IAS 2, how does Londerjack report the value of inventory at the end of fiscal

year?