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Closing stock valuation

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(Querist)
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
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
16 March 2018 Closing stock should be valued least of Market price or Purchase cost.
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RAJA P M

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RAJA P M (Expert)
16 March 2018 Closing Stock will be calculated on Final cost. You can calculate Material cost with Labour Cost.
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