CERTYNEX IFRS ACADEMY

At the reporting date, Kevois reviews the net realisable value of its inventories. Which steps are consistent with IAS 8?

Using the lowest price ever observed, for prudence, whatever its date.

Documenting the judgements made on the sale of slow-moving items.

Using the most recent selling prices observed before the reporting date.

Using selling cost assumptions based on the quotations received.

Keeping last year's assumptions to preserve consistency of policies.