Methods For Valuation Of By-Product.

Q86. What are various methods for valuation of By-Product?
Ans. Methods for valuation of By-Product:

  1. Market value or realization value (sales realization- separate expenses).
  2.  Standard cost which is predetermined (it is adopted where valuation is not possible).
  3. Comparative price of same or similar goods in market.
  4.  Reuse price when it is used in the factory itself.

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