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How to calculate the closing stock value ?

Answer Posted / sesha giri rao

if it is Raw material
Ope Balnce + Purchase- material issue to production= closing raw material

if it is finished goods
Ope balance + productiop - sales = closing finished goods.

in this closing balance =
we can apply 1. FIFO 2.LIFO 3.WEIGHTED AVERAGE METHOM

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