write a detailed critical note on base stock method of material pricing and valuation
Answers
Answered by
0
The base stock method is a valuation technique for the inventory asset, where the minimum amount of inventory needed to maintain operations is recorded at its acquisition cost, while the LIFO method is applied to all additional inventory. This approach is not acceptable under generally accepted accounting principles.
Similar questions
History,
2 months ago
English,
5 months ago
Social Sciences,
5 months ago
India Languages,
11 months ago
Art,
11 months ago