Valuation of inventory or closing and issues stocks, Cost Accounting

Valuation of Inventory or Closing and Issues Stocks

Valuation of inventory aims on attaching a monetary value in the issued or stores for production. It is useful in producing. Such state costing the output and then pricing production as well as decision making.

Methods employed in valuing inventory as:

a) First In First Out (FIFO)

b) Last in Last out (LIFO)

c) Weighted Average Method.

Posted Date: 2/5/2013 5:22:16 AM | Location : United States







Related Discussions:- Valuation of inventory or closing and issues stocks, Assignment Help, Ask Question on Valuation of inventory or closing and issues stocks, Get Answer, Expert's Help, Valuation of inventory or closing and issues stocks Discussions

Write discussion on Valuation of inventory or closing and issues stocks
Your posts are moderated
Related Questions
MX obtains 80% of the 1 million issued $1 ordinary share capital of FZ on 1 May 2009 for $1,750,000 when FZ's reserved earnings were $920,000. The carrying worth was considered

The balance sheet and income statement for Bingle Ltd is presented to you as follows: Balance Sheet Extract as at 30 June 2012 with comparatives

L ABOUR VARIANCES Labour Cost Variance (LCV) Described by the ICMA, London, 'Labour cost variance is the variation between the standard direct wages specified for the pro

Chrome-It, Inc., manufactures special chromed parts made to the order and specifications of the customer.  It has two production departments, stamping and plating, and two service

cite some example on how to to calculate variable cost

The government of a small South Pacific island is considering whether to allow development of a small but valuable deposit of phosphate rock. Not having the resources to develop an

ADVANTAGES OF STANDARD COSTING 1.     It offers a yardstick for measurement of performance. 2.     It helps 'Management by Exception'. 3.     It allows the management to

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $550,000; M

Break-Even Calculations As they say, a picture is significance a thousand words, and this is undoubtedly true for the CVP graphic just presented. Though, everyone is not an art

Comparison between Marginal Costing and Absorption Costing There are accountants who favour all costing method. Arguments in favour about absorption costing are specified a