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As 2 valuation of inventories

Accountancy

My dear Friends As per Accounting standard 2 valuation of inventories should be valued at lower of cost under net realisable value which server is lower. Is there any specific recognition criteria for the following as How to valuation of inventory raw material How to valuation of inventory working progress How to valuation of inventory finished goods Could you please explain the recognition scratory of this as per Accounting standard to valuation of inventories