1. Inventory is measured at the lower of cost and net realisable value, where the latter is a market-based measure.

2. Inventory is measured at the lower of cost and net realisable value, where the latter is an entity-specific measure.

3. Net realisable value is measured at the fair value achievable on the open market.

4. Net realisable value is measured at the selling price in the ordinary course of business less costs to bring the asset into a saleable condition and less costs to sell.

5. Net realisable value is measured at the selling price, in the ordinary course of business, for the goods in their current condition, less selling costs.