According to IAS 2 Inventories, which TWO of the following costs should be included in valuing the inventories of a manufacturing company? (1) Carriage inwards (2) Carriage outwards (3) Depreciation of factory plant (4) General administrative overheads
举一反三
- Which of the following costs may be included when arriving at the cost of finished goods inventory for inclusion in the financial statements of a manufacturing company? 1 Carriage inwards 2 Carriage outwards 3 Depreciation of factory plant 4 Finished goods storage costs 5 Factory supervisors' wages A: 1 and 5 only B: 2,4 and 5 only C: 1,3 and 5 only D: 1,2,3 and 4 only
- Carriage inwards is a selling expense. Carriage outwards is included in the cost of purchases.
- In a manufacturing business, which of the following is a factory overhead? A: carriage inwards on raw materials B: factory supervisor's salary C: purchase of special production machinery D: manufacturing wages
- Which of the following costs belongs to Selling and Administrative Costs? A: Direct Labor Cost B: Direct Material Cost C: Depreciation of manufacturing equipment D: Sales Commissions
- Which following is the type of carriage? （ ）