Stock write off - only for Weighted Average

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Stock write-off means to reduce the quantity of stock that were damaged, expired, obsolete ....


The cost of the items that are written off will be shared by other stock (remaining stock).... and thus Stock Write Off is  only used for stock items that are using costing method of Weighted Average. It is not suitable for items with other costing methods such as Fixed Cost, Most Recent Cost, LIFO, FIFO....




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