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Closing stock valuation

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(Querist)
13 January 2012 Sir, How to Calculate Closing Stock Value, If i have Opening Stock, Purchase & Sales Value

Opening Stock : 7258940.00
Purchase : 37631397.00
Sales : 45010133.00

Closing Stock Calculation with 75% of Sales
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
13 January 2012 With the inputs given, simply use the derivative formula method which is OB+Purchases-Consumption=Closing Balance and in case of Finished Goods Consumption would mean the inventory sold out at cost during the period.
The valuation of Closing Stock as per policy followed/standard defined Cost or Market Price whichever is lower.
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VIKAS KUNDU

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VIKAS KUNDU (Expert)
13 January 2012 calculate 75% of sales and deduct it from opening stock + purchases amount
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