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
1. A company is considering a project that requires an initial investment of $100 million and will pay $20 million of each of the next 10 years, and nothing thereafter. The company

How does functional classification of overheads like Manufacturing overhead,Administrative overhead affect product cost or profit?

Where the liabilities are identified but the amounts cannot be precisely found, we estimate the liability and give for it as a liability. A common illustration is income tax payabl

Describe the information about cost sheets? Ans) Cost sheet having of the direct and indirect expenses acquired in producing a given product and classifying the expenses acquire

according to a factory cost ledger, job no 51 has incurred the following costs: direct material - 30

Manufacturing Concern to Organization There are three manufacturing centres as Making, Packing and Finishing.  These are supported through five support departments, namely Mai

A statement of changes in working capital assists us in locating where such changes took place. In the first example we try to demonstrate the increase or decrease in particular it


Material Costs - Cost Accumulation However 'Materials' refer to the tangible inputs into the procedure of producing useful output.  They might be indirect materials or direct

9. When in the management process do managers seek an answer to the question "Did we meet our cost-reduction goals for non-value-adding activities?" a. Planning b. Performing c. Ev