PU, If we know opening inventory and closing inventory, the difference is production inputs less COS? We are generally given production inputs (COP), therefore the difference will be COS.
Inventory values )RM, WIP, FGD) will be provided by LYC as part of their 6 monthly reporting.
We are probably talking about the same thing using different terminology. The original point I was trying to make is you cannot use the production costs given in the QTY divided by actual FGDS produced to determine value per kg of FGDS. If LYC is building inventory, which I suggest they are as per my earlier posts, your valuation method may overstate/understate costs per KG. These production costs include the WA activities which are obviously not measured in the LAMP production numbers.
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