As per accounting standard to valuation of inventories or valued at lower of cost and net realiseble value...
1 .)how to value of inventory raw material
2.) how to value of inventory work in progress
3.) how to value of inventory finished goods
could you please explain me the as 2 valuation of inventory
plse guide me
Menu
Valuation of inventories accounting ocean
Replies (2)
Quick Summary
I think I already wrote an answer to this 1. Raw material is valued at purchase cost
2. CWIP https://www.caclubindia.com/forum/details.asp?quote=2257138&mod_id=579968#reply
3. Finished goods include processing and warehousing costs. This will be better if you check your CA inter costing material.
When it comes to reporting you have to add all costs
Yes ....Thank you sir
Recent Topics :
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
Related Topics :
CAclubindia
