CERTYNEX IFRS ACADEMY

Corvelle buys a batch of glassware held for resale. Which of the following items are included in the costs of purchase of the batch?

The VAT invoiced by the supplier, which Corvelle deducts from the VAT it collects.

Transport of the batch to Corvelle's warehouse.

Handling costs when unloading at the warehouse.

Advertising costs incurred to promote the glassware to customers.

Non-recoverable customs duties paid on import.

The purchase price, less the volume rebate granted on this batch.