MATERIAL COST

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Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2010 What is include in material cost in Trading Profit & loss a/c ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 October 2010 Material cost will be the: Cost of material+ non refundable tax & duties + transportation cost up to reach the destination

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2010 can u please clear that in manufacture company which items include in material cost i mean op rm,pm,wip,finished + pur rm ,pm,- cl rm,pm,wip,finished ????????

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 October 2010 Manufacuring company material cost will be

Price of Material + Non refundable duties & Taxes + Transportation charges from the supplier place to factory + Insurance on material (if any)
This only the Material cost

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