31 May 2019
Dear sirs, We are calculating stock at cost or market price whichever low basis. In this cost means what ? Is it landing cost or what How to calculate cost for inventory valuation
Note:-1 Cost Means: It includes the price of goods, shipment costs, insurance fees, customs duties, and any other charges incurred along the way. Note:- 2 NRV =estimated selling price in the ordinary course of business - estimated costs of completion and the estimated costs necessary to make the sale.
CAclubindia
