*This F2 (MA) Summary Notes is Valid Up to 31 August 2025.



Chapter Focus Points: Direct Materials, Indirect Materials, Direct Expenses (Manufacturing Expenses), FIFO (First In, First Out) method, LIFO (Last In, First Out) method, AVCO (Average Cost), Carrying Costs of Inventory, Reorder Level, Maximum Level, Minimum Level, Stock-Taking and Lead Time, Economic Order Quantity (EOQ) and Reorder Quantity (ROQ), Economic Batch Quantity (EBQ), Perpetual vs. Periodic Inventory Systems, Material inventory account.
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