According to IAS 2 Inventories, which of the following costs should be included in valuing the inventories of a manufacturing company?
(1) Carriage outwards
(2) Depreciation of factory plant
(3) Carriage inwards
(4) General administrative overheads
(2) Depreciation of factory plant
(3) Carriage inwards
General administrative overheads would not be included in valuing inventories according to IAS 2 Inventories.