I have Query Regarding the Valuation of Inventory
The company has opted for the weighted average method for ascertainment of inventory cost.
The company has 3 branches and the valuation of inventory is done branch wise.
My Query is how the branch transfer will be accounted in the books, Since the method is weighted average the rate of inventory changes as per transaction, and rate of moving average in one branch will be different from other branches
Thanks and Regards