المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : Inventory Costing



محاسب متخصص
09-01-2014, 09:14 AM
Introduction:-


 Merchandise inventory includes all goods that the company owns and holds for sale




Classifying Inventory:-
1- Classifying inventory depends on whether the firm is a merchandiser or a manufacturer
2- In a merchandising company, merchandisers need only one inventory classification, merchandise inventory


3-In a manufacturing company, some inventory may not yet be ready for sale. As a result, manufacturers usually classify inventory into three categories: finished goods, work in process, and raw materials.


 Finished goods inventory is manufactured items that are completed and ready for sale.
Work in process is that portion of manufactured inventory that has been placed into the production process but is not yet complete.
Raw materials are the basic goods that will be used in production but have not yet been placed into production.




Determining Ownership of Goods:-




1-Merchandise inventory includes all goods that a company owns and holds for sale
2- Certain inventory items including There are 3 types:-
Goods in transit
Goods on consignment,
Goods those are damaged or obsolete.