In this video I have explained how to prepare Stores Ledger Account under Standard Price Method in a simple way.

I have also explained how to calculate Standard Price and Price Material Variance.

⏱TIMESTAMPS
00:00 - Concept
06:21 - Standard Price Method Problem

Material Costing Chapter Playlist
https://youtube.com/playlist?list=PLVjZhvcpvcGrmMLJJj67l3LlAArsajFno&si=8MrBj-bJbzgAVX6q

LIFO - Last in First Out
https://youtu.be/f5Pv2ZjLFWY

Simple Average Price Method
https://youtu.be/OG_XBhAaHr4

Weighted Average Price Method (AVCO)
https://youtu.be/34zPN7RUuwg

This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.

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