Stock valuation
This query is : Resolved
28 October 2012
if stock is maintain as per weighted method and op. Qty. of stock is 1500kgs & value is Rs.15,000/- (i.e. rs. 10 per kg)
and we sold 500kgs stock @ Rs. 12/kg then now we have 1000kgs.
i want to know what is the value of closing stock
and we sold 500kgs stock @ Rs. 12/kg then now we have 1000kgs.
i want to know what is the value of closing stock
Amol S Joglekar
(Expert)
28 October 2012
Continue with the same price level of 10 per kg. Need not be changed at the instance of SALE of some of the stock.
Message likes :
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CA Lokesh Pokharna
(Expert)
28 October 2012
agree with amol.........
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