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Valuation of closing stock of finished goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2013 sir, a yarn manufacturing company has various quality of closing stock as at 31.03.2013
please guide me step by step procedure to calculate the value of closing stock as at 31.03.2013
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2013 UNDR AS-2 VALUATION OF CLOSING STOCK ON
COST OR NET REALISABLE VALUE WHICH EVER IS LESS

OTHER WISE BEST WAY THAT LAST YEAR VALUAION METHOD TO BE FOLLOW.
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