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  • Inventory Valuation

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    yashwant ashok
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    INVENTORY VALUATION

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    9 views1 page

    Inventory Valuation

    Uploaded by

    yashwant ashok

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    © ARSALAN KHAN FD-113

    DATE PARTICULAR QUANTITY RATE TOTAL


    1-Jan OPENING 550 7 3850
    5-Jan RECEIPTS 1000 5 5000
    10-Jan ISSUES 900
    15-Jan RECEIPTS 800 9 7200
    20-Jan ISSUES 400
    25-Jan RECEIPTS 900 10 9000
    30-Jan ISSUES 800
    TOTAL 3250 7,707692308 25050

    © ARSALAN KHAN FD-113

    FIFO : CLOSING STOCK 2750


    VALUE OF CLOSING STOCK 21550
    VALUE OF ISSUES 3500

    LIFO : CLOSING STOCK 2750


    VALUE OF CLOSING STOCK 20050
    VALUE OF ISSUES 5000

    AVERAGE : 7,707692308
    CLOSING STOCK 2750
    VALUE OF CLOSING STOCK 21196,1538
    VALUE OF ISSUES 3853,8462

    © ARSALAN KHAN FD-113

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