Costing of Consumed material
This query is : Resolved
09 February 2011
We are the seller of product B for Which material A is used as raw material and we also product material A in our factory, how cost will be calculated
Suppose we have opening stock of A material of 10,000 Unit of Rs. 9,00,000/-
we produce during the year 50,000/- unit which cost Rs. 50,00,000/- and we sale 5,000 unit at Rs. 1,00,000/- only. and their is stock of 3,000 unit at the end
so tell me how cost of consumetion of 52,000/- unit of A calculated
Suppose we have opening stock of A material of 10,000 Unit of Rs. 9,00,000/-
we produce during the year 50,000/- unit which cost Rs. 50,00,000/- and we sale 5,000 unit at Rs. 1,00,000/- only. and their is stock of 3,000 unit at the end
so tell me how cost of consumetion of 52,000/- unit of A calculated
10 February 2011
Opening stock + production - closing stock will be the consumption. valuation based on cost
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Management System (IMS)
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
