MVA Price:

IR when enough stock available IR when enough stock not available

GR from Vndr : qty 100kgs Price: 50 Rs GR from Vndr : qty 100kgs Price: 50 Rs
Dr RM inv 5000 Dr RM inv 5000
Cr GR/IR clrng 5000 Cr GR/IR clrng 5000
Stcok : 100 kgs Stcok : 100 kgs
Stock Value :5000 Stock Value :5000
MVA :50 MVA :50
Inv Reciept : Price 52 RM consumption : 30 kgs @ 50 Rs
Dr GR/IR clrng 5000 (cleared) Cr RM Inv 1500
Cr Vndr 5200 Dr RM consumption ac 1500
Dr RM Inv200 Stcok : 70 kgs
Stcok : 100 kgs Stock Value :3500
Stock Value :5200 MVA :50
MVA :52

RM consumption : 30 kgs @ 52 Rs Inv Reciept : Price 52

Cr RM Inv 1560 Dr GR/IR clrng 5000 (cleared)
Dr RM consumption ac 1560 Cr Vndr 5200
Stcok : 70 kgs Dr RM Inv140
Stock Value : 3640 Dr Price variance 60
MVA :52
Stcok : 70 kgs
Stock Value :3640
MVA :52
Std Price:

GR from Prod : qty 100kgs std Price: 50 Rs

Dr FG inv 5000
Cr inc/Dec stock 5000
Stcok : 100 kgs
Stock Value :5000
Std price :50

Delivery to customer : 30 kgs @ 50 Rs

Cr FG inv 1500
Dr COGS 1500
Stcok : 70 kgs
Stock Value : 3500
Std price :50
Actual costing (Month end): PUP 54 Varaince :4

Revaluation of consumption”:30 kgs @ 54 Rs

Cr FG inv 120
Dr COGS 120
Revalaution of stock: (If price is relaed)
Dr FG inv 280
Cr G/L from revaluation 280 (UMB)