Valuation of inventory
This query is : Resolved
18 May 2013
Whether interest on working capital is to be considered while inventory valuation?
18 May 2013
no,
AS PER AS 2
All costs that are not related to putting inventory in the current location,condition should not be included in the cost of inventory,
so interest on working capital cannot be included in the valuation of inventory
AS PER AS 2
All costs that are not related to putting inventory in the current location,condition should not be included in the cost of inventory,
so interest on working capital cannot be included in the valuation of inventory
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