Material Record on FIFO or Average Price

Yes only through FIFO and AVCO, the cost is established. I recently read some acca books and i found out cost per unit or something can also be used. I'll get back once i remember the third method.

But i doubt both will be the same. 

Alright the third method is actual cost basis of they are non fungible goods only. But if your doing contracts, you have to use that standard as 2 is not applicable for wip. If it's self constructed asset, and as 2 is not applicable work in progress not unless you have an intention to sell.

If they want less marks in the exam, they can. If they go through the scope it is clearly visible. 

If they want less marks in the exam, they can. If they go through the scope it is clearly visible.