estimation of working capital.!!
In cost sheet whether the material consumed will include wip unit in case of new start ups/ newly formed companies??
Financial mgmt
Replies (2)
Quick Summary
Yes WIP is included in material consumed.
The amount of work-in-progress consumed (or in excess) is excess of opening balance of work-in-progress over closing work-in-progress (i.e., opening work-in-progress should be added and closing work-in- progress should be subtracted from the works cost).
The amount of work-in-progress consumed (or in excess) is excess of opening balance of work-in-progress over closing work-in-progress (i.e., opening work-in-progress should be added and closing work-in- progress should be subtracted from the works cost).
is there is any specific formula/ tricks to remember that??
could u post a problem with a solution???
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