Valuation of Inventory

no idea

the normal stock register can b taken as a format. 

There is no particular format.

But it should have minum columns of -

Item No, Item Descripttion, Location, Qty, Rate, Inventory Value

Following points should be noted while valuating the inventroy -

1) The inventory should be valued at lower of cost and net realisable value

2) The costs should consists - Cost of Purchase, Cost of Conversion and other costs that incurred in bringing the inventories to their present location and condition.

Deepika,

Please refer the below mentioned link……..

/forum/as-2-question-help-79997.asp

Regards

K.Ilayaraja

Agree with Mr. ANAND.

Good anand.........