Closing stock valuation
This query is : Resolved
16 March 2018
A Goods Purchase of Rs 10000
Job work done on Goods of Rs 1000
Then What is valuation of closing stock ? 10000 or 11000
Job work done on Goods of Rs 1000
Then What is valuation of closing stock ? 10000 or 11000
16 March 2018
Closing stock should be valued least of Market price or Purchase cost.
16 March 2018
Closing Stock will be calculated on Final cost. You can calculate Material cost with Labour Cost.
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