Regarding inventory cost
This query is : Resolved
Pandharinath
(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
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
Amol S Joglekar
(Expert)
23 May 2016
find out the actual cost at which the said inventory is purchased.
Pandharinath
(Querist)
23 May 2016
Actual Cost it means inclusive all (Taxes,Transporation)
Amol S Joglekar
(Expert)
23 May 2016
Yes. Whatever is actually incurred at the time of purchase.
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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