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Regarding inventory cost

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(Querist)
23 May 2016 Dear All,

I have to calculate inventory cost for this fy.any one can tell me how to calculate inventory cost,it means should we include with cost of taxes, transportaion,product insurance or not. if yes or not pls send me notification regrding that
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 May 2016 find out the actual cost at which the said inventory is purchased.
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Pandharinath

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Pandharinath (Querist)
23 May 2016 Actual Cost it means inclusive all (Taxes,Transporation)



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Amol S Joglekar

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Amol S Joglekar (Expert)
23 May 2016 Yes. Whatever is actually incurred at the time of purchase.
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Rupesh Jain

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Rupesh Jain (Expert)
23 May 2016 inventory cost includes the cost of goods + all incidental exp. which incurred for inventory to come in current situation/position.

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