1.【答案】CD。
解析：
[A] is incorrect because inventory should be valued at the lower of cost and NRV, not the higher.
[B] is incorrect because production overheads based on a normal level of production should be included.还应当包括间接生产费用。
知识点：Valuing inventories
2.【答案】B。
解析：
At 31 Dec 20X9 the skirts were correctly valued at costs incurred to date of $20 per skirt which was lower than the NRV of $22. Therefore no adjustment is required for the value of the skirts.
知识点：Valuing inventories
