单选题：Which of the following statements about the valuation of inventory are correct,

题目内容：

Which of the following statements about the valuation of inventory are correct, according to IAS 2 Inventories?

1 Inventory items are normally to be valued at the higher of cost and net realisable value.

2 The cost of goods manufactured by an entity will include materials and labour only. Overhead costs cannot be included.

3 LIFO (last in, first out) cannot be used to value inventory.

4 Selling price less estimated profit margin may be used to arrive at cost if this gives a reasonable approximation to actual

cost.

A1, 3 and 4 only

B1 and 2 only

C3 and 4 only

DNone of the statements are correct

答案解析：

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