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Accounting for Inventories

Accounting for Inventories. Inventory Costs. All expenditures incurred. Inventory Costs. All expenditures incurred to bring the item to its. Inventory Costs. All expenditures incurred to bring the item to its existing condition and location. Costs include. Invoice cost Shipping

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Session 7 Inventories-I

Session 7 Inventories-I. Inventories. Acquisition Carrying Method Cost Flow Assumptions Valuation. Types of Inventories. Merchandise--RM or FG Manufactured--RM, WIP & FG. Acquisition-When?. FOB Risk of loss Consignment. Acquisition-What?. Cost of: manufacturing acquisition

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216 views • 8 slides

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Flow assumptions - PowerPoint PPT Presentation

Accounting for Inventories

Session 7 Inventories-I