Can a company use different cost formula for different types inventory

Accountancy

Can a company use different cost formula for different types inventory like FIFO for some type of inventory and weighted average for some sort of inventory

Atharv Sankliya

CA Final

★ 3K+

18-Mar-23 18:16

485

Answers (1)

Best Answer

Yes if the characterstics are different.

CA Suraj Lakhotia

Admin

18-Mar-23 22:52