Answer / bharathi

Valuation of Stock - Opening Stock Add: Purchase Less
Sales = Closing Stock (For Trading Company)

Valuation of Stock - Opening Stock of Raw Materials Add:
Purchase of Raw Materials Less: Consumption of Raw
Materials and Sales (if any) = Closing Stock (For
Manucaturing Company)

Opening Stock of Finished Goods Add: Production of Finished
Goods Less: Sales of Finished Goods = Closing Stock (For
Manufacturing Company) and also Value of Semi Finished
Goods to be included

Value of Stock to be valued at Market price or Actual cost
whichever is less

purchases goosd in cash rupees 6500

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