Section 15 in The Cost Accounting Records (Electronic Products) Rules, 2001
15. Work-in-Progress and Finished Stock:
The method followed for determining the cost of work-in-progress and finished stock of the Electronic products and components shall be indicated in the cost records so as to reveal the cost element that have been taken into account in such computation. The appropriate share of conversion cost up-to the stage of completion shall be taken into account while computing the cost of work-in-progress. The method adopted for determining the cost of work-in-progress and finished goods shall be followed consistently.
