CMA/FM Tools || How to Calculate Closing stock (Value of Stock Raw Material) in CMA

How to Calculate Closing stock (Value of Stock Raw Material) in CMA:

Closing stock or inventory is the amount that a company still has on its hand at the end of a financial period. This inventory may include products that are getting processed or are produced but not sold. On a broad level, it includes raw material, work in progress, and finished goods -the units of closing stock help in determining the total amount.

Formula:

     (Purchase + Opening Stock) * (holding period) / (holding period+360)

Step 1:

 Open the CMA/FM Tools software, go into Transactions → Holding Period option given in menu bar.

Step 2:

Now enter Closing Inventory Holding Period Days and click on auto calculate button 

Step 3:

Now go into Transactions → Profit and Loss a/c option given in Menu bar and click on Opening Stock of Raw Material

Step 4:

Now enter Opening Stock of estimated year .

Step 5:

Now Click on Closing stock and check mark on "auto calculate" option and save.

Hope this Helps.

• Related Articles

• CMA/FM Tools || How to enter and calculate Term Liability in CMA Software

  How to enter and calculate Term Liability in CMA Software Insert all your liabilities in your balance sheet under the category “short-term liabilities” If It is due in a year or less or “long-term liabilities" If it is due in more than a year Add all ...

• CMA/FM Tools || How to Calculate Projection in CMA

  How to calculate projection in cma: There is an option of "auto calculate in" the software for projection calculation, you have to check mark on it. If you want to check growth percentage wise then you can also enter percentage ,the software ...

• CMA/FM Tools || How to Change Value "Cash in hand And Bank Balance"

  CMA - How to Change Value "Cash in hand And Bank Balance" Solution: In cma "Cash in hand And Bank Balance" is a balancing figure , This value software auto calculates to match the balance sheet, whatever is the difference between Liabilities and ...

• CMA/FM Tools || Process to enter "Domestic Sales Entry" in CMA

  How to Enter the Domestic Sales Entry in CMA/FM Tools: Sales can be of two types : 1) Domestic sale is the sale within a country. 2) Export sale is the sale outside country. Process to enter Domestic Sales into CMA Software: Open the CMA/FM Tools ...

• CMA/FM Tools || How to Feed Depreciation Chart

  How to Feed Depreciation Chart In Cma: What is Depreciation: The concept of depreciation serves to gradually allocate the cost of an asset over its useful life. It's a necessary deduction in the profit and loss statements of entities employing ...