Business Studies, asked by anishsingh9930, 3 months ago

Valuation of WIP is done by calculation of

Answers

Answered by Braɪnlyємρєяσя

1

Explanation:

Valuation of Work-in-Progress under Average Method:

Cost of opening inventory is added to cost incurred during inventory current period element wise. Thus under average method the average process cost is obtained by adding the cost of opening WIP and current cost and dividing the total by total equivalent units.

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