what is the treatment for charges included in COGS for inventory write down?
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COGS includes all production related expenses like wages, carriage in etc. Now we know that under FIFO inventory is valued under lower of cost or NRV. If value of inventory falls below cost then we have to revalue the inventory in balance sheet say (-2000) and increase COGS for that period (+2000).
bhai under IFRS inventory is valued at lower of cost or NRV, not under FIFO. halaki LIFO ban hai IFRS mei.