Closing stock valuation
This query is : Resolved
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
Opening Stock : 7258940.00
Purchase : 37631397.00
Sales : 45010133.00
Closing Stock Calculation with 75% of Sales
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.
The valuation of Closing Stock as per policy followed/standard defined Cost or Market Price whichever is lower.
VIKAS KUNDU
(Expert)
13 January 2012
calculate 75% of sales and deduct it from opening stock + purchases amount
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