Q5 The UK subsidiary of Yeast Feast & Co measures raw material inventory using the FIFO method. The French subsidiary of YeastFeast & Co measures the same raw material inventory using the weighted average cost method. Is this permitted under IAS 2? Select the correct option, and then click Submit No. Costs formulae should be consistently applied to all inventories similar in nature, Yes. Different cost formulae can be applied to inventory nature as long as the methods used are either FIFO or the weighted average cost. Submit