Process costing

Actually in the question itself they have asked us to value process 1 and 2 's stock at prime cost and finished stock at price at which it is received from process 2 and since at prime cost it seems like weighted average is used and since only transferred stock is considered it seems to be like lifo for you But we are just following the questions request And secondly only when units are involved method of valuation matters

SREEABITHA SENTHILKUMAR

CA Inter

★ 1K+

22-Oct-23 19:31

You can post pictures so that we could understand the context better

Kriti Iyer

CA Inter

★ 3K+

22-Oct-23 02:40

Question 👇

Thread Starter

Sri ram Pothineni

CA Inter

★ 11K+

22-Oct-23 07:10

See this i didnt understand👇

Thread Starter

Sri ram Pothineni

CA Inter

★ 11K+

22-Oct-23 07:17

For us to follow lifo or fifo information regarding number of units would be required. In absence we need to go with average only

Pranay Mehta

Faculty

22-Oct-23 12:55

Thank you 👍

Thread Starter

Sri ram Pothineni

CA Inter

★ 11K+

23-Oct-23 08:41