1. **Stating the problem:** Identify which list of items may be included in the value of inventories of finished goods according to IAS 2 Inventories. 2. **IAS 2 key points:** - Inventories include assets held for sale, in production, or materials to be consumed. - Costs included are purchase costs, conversion costs, and other costs to bring inventories to present location and condition. - Costs excluded are selling costs (e.g., carriage outwards), storage costs (unless necessary in production), and administrative overheads not related to bringing inventories to saleable condition. 3. **Analyze each item:** - Supervisor's wages: part of production overhead, included. - Carriage inwards: cost to bring materials, included. - Carriage outwards: selling cost, excluded. - Raw materials: included. - Costs of storage of finished goods: generally excluded unless necessary for production. - Plant depreciation: included if related to production. 4. **Evaluate each option:** - Option 1: Supervisor's wages (included), carriage inwards (included), carriage outwards (excluded), raw materials (included) → carriage outwards excluded → no. - Option 2: Raw materials (included), carriage inwards (included), costs of storage of finished goods (excluded), plant depreciation (included) → storage costs excluded → no. - Option 3: Plant depreciation (included), carriage inwards (included), raw materials (included), Supervisor's wages (included) → all included → yes. - Option 4: Carriage outwards (excluded), raw materials (included), Supervisor's wages (included), plant depreciation (included) → carriage outwards excluded → no. 5. **Final answer:** The correct list is option 3: Plant depreciation, carriage inwards, raw materials, Supervisor's wages.