AASB 102 Requires That Inventory Is Valued At

Multiple Choice

AASB 102 requires that inventory is valued at:

A) The lower of cost and recoverable value, on an item-by-item basis where practicable.
B) Cost or fair value for classes of assets and services that are defined as inventories.
C) The lower of cost and net realisable value, on an item-by-item basis where practicable.
D) Cost or deprival value, whichever is the lower, for classes of inventories.
E) None of the given answers.