Method of valuation of finished goods produced

Ajay Singh Bhati (Manager (Accounts)) (215 Points)

21 March 2013  

Dear members,


We are a textile (blankets) manufacturing company, who import raw material and produce blankets in our factory and sells in local market. Can you please tell me which methiod to be used to calculate value of Finished goods produced lying in the store at the time of finalising acccount books. 


Thanks and regards


Ajay Singh