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how we do calculate of closing stock for company. what is the process of
calculation of closing stock.
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Answer Posted / shirisha
WE HAVE 3 METHODS FOR CALCULATING THE CLOSING STOCK IN A
COMPANY THAT IS FIFO , LIFO AND WEIGHTED AVERAGE.NORMAL
CALCULATION IS closing stock = opening stock + purchase of
this period-
sales in this period = closing stock raw material value +
closing stock finishing material value. but in a company we
follow fifo that is first in first out method .
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