pcc-costing doubt

Dear Deepak,

Cl Stock of a process contains unrealised profits of the previous process . However Cl stock process is deducted from the cost of the same process,while unrealised profit in cl stock  is deducted from the profit of previous process.

Reply

1. As in the process 1 if  we r calculating the cost at that time we r including certain % of profit also. After calculating the cost we r transferring it to Process 2 and we r taking unrealised profits as no one can make profit selling himself...................................