these are the requirements

Question 5 Euston Ltd has inventory on hand at 31 December 2019 as follows: Units Raw material cost Attributable production overheads Attributable selling costs Expected selling Product X Product Y 300 250 240 75 23 15 18 15 278 113 The company complies with IAS2 Inventories. Question 5 Euston Ltd has inventory on hand at 31 December 2019 as follows: Units Raw material cost Attributable production overheads Attributable selling costs Expected selling Product X Product Y 300 250 240 75 23 15 18 15 278 113 The company complies with IAS2 Inventories. (b) Explain how the cost of inventories should be determined. (4 marks) (c) Define the term "net realisable value". (2 marks) (d) Explain how inventories should be measured in accordance with IAS2. (3 marks) (e) At what amount will inventories be stated in Euston's statement of financial position for the year ended 31 December 2019 in accordance with IAS2 Inventories (8 marks) (Total: 20 marks)