Price Control for Traded Goods

[Former Member]

Hi

Can you please suggest what shld be the price control for the Traded Finished Goods

Which is the better option S or V

Regards

Ash

[Former Member · Accepted solution]

Hi,

Would always prefer price control V- Moving Average Price, because most of the time for stocks, the stocks are valuated at the real price of procurement.

Standard price can be opted for FERT material, where most of the time the prices are not fluctuating.

Anand

[Former Member]

should be MAV (V) because

Accounting practice should be accurately valuating the

inventory of trading materials. as we are not adding any value in it so we cant fix the standred price to it and we r not going to do costing of that product.

reward if useful

[Former Member]

Hi,

Better option will be V, as only trading happens. S is recommeded for manufactured goods and S is updated say quarterly or half yearly to absorb the abnormal manufacturing cost.

[Former Member]

Price control V is useful.