Raw Material Valuation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ntories are sold, the carrying amount of those inventories shall be recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... which the reversal occurs. Allocation of Inventory to Other Asset - Some inventories may be allocated to other asset accounts, for example, inventory used as a component of self-constructed property....