valuation of finished stock and wip

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Buisness
883 Points Posted on 16 November 2008

Hallow Friends,

Pl. tell the procedure and calucation formula for valuation for closing finished stock and work in progress.

thanks

Ram Kishan

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On 16 November 2008 at 10:21 Report
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CA & CS
577 Points Posted on 16 November 2008

As Per AS 2 issued by ICAI Closing Stock has to valued at FIFO or on Weighted average. LIFO is not recomended.

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On 16 November 2008 at 12:04
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Nagari Sultanpur U.P.Delhi
15539 Points Posted on 16 November 2008

Please see this link

/articles/article_list_detail.asp?article_id=281

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On 16 November 2008 at 13:14
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Buisness
883 Points Posted on 17 November 2008

Thanks for this valuable article

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On 17 November 2008 at 22:11

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