Under IPSAS 12, which methods can be used to measure inventories

Under IPSAS 12, which methods can be used to measure inventories

Under IPSAS 12, which methods can be used to measure inventories? (Select all that apply)

    A) First-in, first-out (FIFO)

    B) Last-in, first-out (LIFO)

    C) Weighted average cost

    D) Specific identification

    Answer: A, C, D

    Explanation: IPSAS 12 allows FIFO, weighted average cost, and specific identification methods. LIFO is not permitted under IPSAS.