Question

Describe the methods of determining the value of unsold stock of goods send consignment stock

Answer 1

Answer:

Explanation:

The cost of stock implies the value at which goods are consigned by the consignor to the consignee. Cost Of Unsold Stock = (Cost of goods sold+Proportionate of all expenses/Total Quantity) X unsold stock. ... Value of unsold stock = Cost Price of Closing Stock + Proportionate non-Recurring Expenses.

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