Cogs= (purchases as per the purchase date + opening inventory - closing stock)
Profit or loss = sales - cogs - general overheads
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PLEASE EXPLAIN As 2 valuation of inventories
Replies (25)
Cogs= (purchases as per the purchase date + opening inventory - closing stock)
Profit or loss = sales - cogs - general overheads
Post a screenshot because I'm confused and my mobile is allowing me to see the whole screen
Sure sir 👍 how to post here??
Sorry if there is no attach link. But i have modified the recent formula and i hope you can make it out.
Check out with others if there is a replacement cost issue here while calculating nrv. If not things are very easy.
You have posted purchase details as 10000/- ltrs on 30/6/21.
@ sorry sir ,I made mistake
Ok , It's Total 20000 ltrs ( 10000 opening balances and purchase 10000 ltr , and as per FIFO method ( First in First out) , we have sold 7000 ltr from Opening balance 10000 ltr .
Dear sir ,my humble request could you please again give me a clarity workings calculation
Dear Mr Sanjay Kumar
I am going to repeat same reply , So please again refer my reply No 1,2,3 and 4 .
I am going to repeat same reply , So please again refer my reply No 1,2,3 and 4 .
@ sure sir ,thanks for your response
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