AS 2-Valuation of Inventory

 As per AS2 ,Whether the storage cost of Raw materials ie , before commencing any processing is includible in Closing Stock valuation? ....pls reply

Replies (2)

Why not, Any cost of storing raw material is to be included in the cost of raw material for valuation purpose.

As per As 2 storage costs,abnormal loss,selling oh should be excluded....... what is meant by storage cost here !!!.......

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