Just to find out the cost of goods sold the formula =
opening stock + purchase - closing stock.
In economic point of view the cost is determined by using
the concepts like fixed cost , variable cost and marginal
cost.
because the question was regarding the cost of goods and
not about the cost of goods sold.......
and thus cost of goods will include the cost incurred on
goods manufactured
Therefore,
Cost of goods is calculated by adding Direct material,
Direct Labour and DirectExpenses and all other indirect
overheads (excluding the financial cost )
According to AS-2 based on valuation of inventories.cost of
goods can be calculated in the following way.
Purchase price of goods
Add- Frieght,Import duties
Add-Any expenditure incurred to bring the goods into the
factory.
In other words cost of goods can be calculated as-:
The cost price of the goods or Net realise value which ever
is lower will be taken into account.
hi..this is swathi.i completed mba finance and graduation
bsc microbiology.my question is companys like
genpact,factset.. will hire me.is there any rule like
that...I am very much greatful if u answer me....
Site Map
