in calculation of working capital management according to cash cost basis or traditional approach basis
what expenses are included in calculation of finished stock
raw material
direct wages
overheads
sales promotion exp
im asking this query because in practice manual recently updated finished goods carry all expenses incl. sales promotion selling overheads etc,
and in study material finished goods stock is calculated on direct expenses only no selling and overheads are added in calculation
what is the correct answer in calculating the finished goods do we need to add sales promotion exp, selling expenses overheads or not??
management of working capital
CAclubindia
