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Process and operation costing

Costing

How cost and profit of finished stock is calculated here?

Pooja .

CA Inter

★ 210

23-Mar-23 16:48

224

Answers (2)

In Process II A/c, Product is finished. In question they gave closing stock cost value information by using that first you need to find Profit in closing stock. Then Remaing Profit is the Balancing figure of that Account.

Kalai Selvan

CA Final

★ 940

24-Mar-23 01:29

By putting all together information your debit side will be ready and you can find total column and you are also given the information about closing stock..... So now take the debit side total and less amount of closing stock to get. Transfer value