Business, 21.07.2021 19:50 OinkFred

A company manufactures aluminum cans for the beverage industry and prepares its financial statements in accordance with International Financial Reporting Standards (IFRS). During its latest full fiscal year, the company recorded the following: Inventory Item Amount â‚¬ (thousands)
Raw material aluminum costs 150,000
Storage of finished cans 15,000
Wasted aluminum materials from abnormal production errors during the year 500
Transportation-in costs 640
Tax-related duties 340
Administrative overhead 7,500
Trade discounts due to volume purchases throughout the year 520

The total costs included in inventory (in â‚¬ thousands) for the year are closest to:

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A company manufactures aluminum cans for the beverage industry and prepares its financial statements...