We are the manufactures of Food Products and have somany items as finshed goods at the end of every month. How to calculate the value of the same. Please explain as is it market value / market value less profit generated value / market value less tax value. For example my product is biscuts. per packet is Rs.50/-. In this material cost is Rs.25/- other overhead ex is Rs.40/- Margin is Rs.7/- distributor margin is Rs.3/-. What will be my closing stock value of the said one packet biscuts. Please explain me on urgent baisis.
Suresh
CAclubindia
