Accounting Treatment for Changes-in-Inventory
Pradeep Kumar Sarangi (Account Executive) (120 Points)
31 March 2024please suggest .
Pradeep Kumar Sarangi (Account Executive) (120 Points)
31 March 2024
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 31 March 2024
You have to use FIFO/Weighted average valuation to find the cost of inventory. That records all changes chronologically.
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