Valuation of inventory

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MUKUL (Querist)
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02 November 2014 in accounting we valued inventory at cost price or market price whichever is low so is the same treatment follow in cost accounting????

Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 November 2014 not at all. it is the costing that gives you the cost to compare with market price for accounting valuation!

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Valuation of inventory

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