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According to IAS 2,one or More of Which Set of Methods

Question 2

Multiple Choice

According to IAS 2,one or more of which set of methods should be used to apply the costs of inventories to particular items of inventory?


A) specific identification, LIFO or FIFO
B) absorption costing, weighted average costing or LIFO
C) FIFO, specific identification or weighted average cost
D) weighted average costing, ABC costing or FIFO

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