<s>[INST] What disclosures are required to be made in respect of Inventories? [/INST] The following disclosures are required to be made in respect of Inventories:

The accounting policies adopted in measuring inventories, including the cost formulae used. If standard costing has been used as a measure of cost then details of such inventories and a confirmation that standard cost approximates the actual cost; and
The total carrying amount of inventories and its classification appropriate to the person. </s>