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Stock valuation

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(Querist)
28 October 2012 if stock is maintain as per weighted method and op. Qty. of stock is 1500kgs & value is Rs.15,000/- (i.e. rs. 10 per kg)

and we sold 500kgs stock @ Rs. 12/kg then now we have 1000kgs.

i want to know what is the value of closing stock
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 October 2012 Continue with the same price level of 10 per kg. Need not be changed at the instance of SALE of some of the stock.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
28 October 2012 agree with amol.........
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