AASB 102 Requires That the Specific Identification Method of Assigning

Multiple Choice

AASB 102 requires that the specific identification method of assigning cost to items of inventory be applied:

A) wherever possible in order to achieve the most accurate cost figure.
B) to items of inventory that are ordinarily interchangeable or identical and have significant individual dollar value.
C) wherever items are separately identifiable and of significant individual dollar value.
D) to items of inventory that are not ordinarily interchangeable or are produced and segregated for specific projects.