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Valuation of Closing Stock

This query is : Resolved 
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(Querist)
28 March 2009 Hellow,

Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?

In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U

Also let me know the citetion where Avg price is adopted as Mkt value
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ANKIT

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ANKIT (Querist)
30 March 2009 ok

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