As2 inventories

Yasaswi Gomes new (Finance ) (4514 Points)

12 January 2023  

Hi,

 

Amongst the cost methods like 

Standard cost

Retail method

Fifo and 

Weighted average, 

Retail method if selling value minus gross margin, what is it for standard cost technique? Is a standard cost card used to determine the profit and price from it? An example please. 

Txs