Accounting Method Of Inventory Cost

1. calculate the cost of inventory acquisition.

In practical work, the following factors affect the value of inventories of enterprises.

(1) the cost of outsourcing inventory.

(1) purchase price should confirm purchase price according to invoice amount, but does not include value added tax that can be deducted according to regulations.

2. Other expenses that can be attributed to the cost of inventory purchase are those purchased by enterprises.

(3) the relevant taxes and charges refer to the import duties, consumption tax, resource tax and the deductible VAT input tax of the enterprises purchased, made or commissioned to process the inventory.

(2) the cost of inventory obtained by processing is composed of the cost of purchase and the cost of processing.

(3) the cost of inventory acquired in other ways.

The cost of an investor's inventory shall be determined in accordance with the value stipulated in the investment contract or agreement, except that the value of the contract or agreement is not fair.

2. The cost of inventories obtained through non monetary assets exchange, debt restructuring and enterprise merger shall be determined according to the relevant accounting standards.

3. The cost of inventory surplus shall be accounted for according to its replacement cost, and the accounting shall be carried out through the subject of "loss of property to be treated".

2. accounting for inventory cost.

The enterprise should reasonably choose the method of calculating the inventory cost according to the actual situation so as to reasonably determine the actual cost of issuing the inventory in the current period.

(1) individual valuation method.

The cost of issuing inventory and ending inventory is reasonable and accurate.

(2) FIFO.

It is the purchase of a person's stock should first issue (sales or consumption) such a stock assumption of physical circulation as the premise, issuing inventory valuation.

(3) weighted and moving weighted averages.

Weighted average method is not conducive to strengthening inventory management.

So from a management point of view, this method is not very rigorous.

The mobile weighted average enables the management to keep abreast of the inventory balance, and the average unit cost and the inventory cost of the issued and stored inventory are more objective.

(4) plan to become a law.