Closing stock calculations for manufacturing co

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venkateshwarlu (Querist)
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09 November 2015 Dear Sir,

We are Manufacturer and request you to tell us about Closing Stock Calculations.

Can We add all direct expenses to closing stock?

Kindly Reply sir

Rajnish Singh

Rajnish Singh (Expert)
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09 November 2015 Dear Sir,

Market price and cost price which ever is lower . on that value closing stock will be calculated.

market value is your selling price and cost value is your cost of production plue stock caring cost.

so do the accordingly for the better understanding read the article on valuation of stock.