short notes on cs LIFO Method



Posted on 10-05-2016        By ADMIN



short notes on cs LIFO Method = Cost incurred in process is used for:

 

     a) First tocomplete newly introduced units

      b) Then tocomplete units already in process in this method closing stock is

             divided into two :

                   i) Units which represent openingstock but lie at the end of the period

                  ii) Newly introduced units inclosing stock.



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