Under AASB102 Inventories the cost of inventory must include

A) administration and selling costs.
B) transportation and handling costs.
C) storage costs.
D) abnormal wastage costs.

AASB102

Refers to a specific standard issued by the Australian Accounting Standards Board concerning inventories, detailing the accounting treatment for inventory costs.

Abnormal Wastage Costs

Expenses related to the unexpected loss or wasteful use of resources beyond what is considered standard or normal.

Transportation Costs

Expenses associated with the movement of goods or materials from one location to another, including shipping fees, fuel costs, and logistical expenses.