Question

In cost accounting, stock is valued at which price?

Answer 1

Answer:

Stock is valued at market price as Closing stock to be valued at cost or market price so whichever lower that includes rule based on theory anticipated profit is not brought with the account before actual realization.

Explanation:

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Answer 2

In cost accounting, stock is valued at market price.

• The number of items left at the end of the accounting year is referred to as closing stock.
• When valuing closing shares, both the market price and the cost price are taken into account.
• The cost price is the price at which the products were originally purchased, whereas the market price is the price that is now in effect in the market.