Question 5: [4 marks) Determine which True or Fal for the following statement. Answer (True or False) Statements 1 griculture inventories comprising agricultural produce that an enly has harvested from its biological assets are measured on initial recognition at their cost less costs to sell at the point of harvest 2- Unallocated overheads are recognised as part of the units produced in the period in which they are incurred 3- Normal amounts of wasted materials, labour or other production costs included in the cost of inventories 4. The allocation of fixed production overheads to the costs of conversion is based on the Actual capacity of the production facilities Und States Droo