A-LevelAccountingPreparation of financial statements9706/12 · May/June 2019 · Q81 Mark
Which statements about valuing inventory are correct? 1 Any charges for carriage inwards should be included in its cost. 2 Cost should always be compared with the net realisable value. 3 Cost should always be compared with replacement price.
A1, 2 and 3
B1 and 2 only
C1 and 3 only
D2 and 3 only
✓ Correct answer
B: 1 and 2 only
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