Please discuss about the methods of Inventory Valuation:
1. Warehouse Inventory (Raw Material)
2. WIP Inventory (Stock in process)
3. FG Stock Inventory
Lets start discussion..
Regards,
Purushottam
Please discuss about the methods of Inventory Valuation:
1. Warehouse Inventory (Raw Material)
2. WIP Inventory (Stock in process)
3. FG Stock Inventory
Lets start discussion..
Regards,
Purushottam
DEAR PURUSHOTTAM,
RM IS VALUED AT COST,
WIP IS VALUED RM.COST +COST AT THE STAGE OF COMPLETION (SUCH AS LABOUR & OVERHEAD)
F.G -IS VALUED AT COST & MKT VALUED WHEACHEVER IS LOVER
AS PER ICAI ,AS -2
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