What does the inventory include, and what does the inventory include

1. Inventory refers to the materials reserved for sales or consumption in the process of production and operation, and it is the largest proportion of current assets, including various raw materials, fuels, packaging, low-value consumables, products, purchased goods, collaborative parts, self-made semi-finished products, finished products, etc. Inventories can be classified according to their physical form into the following categories:

1.Materials refer to the various raw materials purchased by enterprises. Including: raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), repair spare parts (spare parts, spare parts), packaging materials, fuel, etc.

2.PackagingPackaging refers to various packaging containers reserved for the purpose of packaging the company's products. Includes:

In the production process, it is used to package products, packaging items that are part of the product, packaging items that are priced separately with the product**, and packaging items that are rented or lent to the purchasing unit.

3.Low-value consumables.

Low-value consumables refer to various items whose unit value is below the specified limit or whose service life is less than one year, and are not accounted for as fixed assets, such as tools, management tools, glassware, and packaging containers that are used in the course of operation.

4.Homemade semi-finished products.

Self-made semi-finished products refer to semi-finished products or intermediate products that have gone through a certain production process and have been inspected and delivered to the semi-finished product warehouse, but have not yet been manufactured as commercial products and can still be processed.

5.Finished products refer to the products that the enterprise has completed all the production processes and inspected the warehouse, meet the standard specifications and technical conditions, and can be sent to the ordering unit in accordance with the conditions specified in the contract, or can be sold as a commodity.

2. Tables, stools, computers, etc.

1. Tables and chairs are low-value consumables and are included in the inventory.

2. Computers are fixed assets, not inventories.

Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, the materials or materials used in the production process or the provision of labor services, etc., including all kinds of materials, products in process, semi-finished products, finished products or inventory commodities, as well as packaging materials, low-value consumables, commissioned processing materials, etc.

Inventory includes raw materials, production costs (in products), goods in stock, goods issued, and materials in turn.

1. Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, the materials or materials used in the production process or the provision of labor services, etc., including all kinds of materials, products, semi-finished products, finished products or inventory commodities, as well as packaging, low-value consumables, commissioned processing materials, etc.

2. Inventory generally has the following characteristics:

Inventories are tangible assets, which are different from intangible assets.

Inventories are highly liquid. In enterprises, inventory is often constantly being sold, consumed, purchased, or replaced, with rapid liquidity and obvious liquidity.

Inventory is time-sensitive and has the potential for loss. Under normal business activities, inventory can be converted into monetary assets or other assets on a regular basis, but inventory that is not used for a long time may become overstocked materials or sold at reduced prices, resulting in losses for enterprises.

3. Valuation method for inventory issuance.

FIFO method.

Advantages: Overall, the cost of issuing inventory and closing inventory can be calculated at any time, which is convenient for daily management of inventory.

Disadvantages: In the case of frequent inventory sending and receiving business and frequent changes in unit price, the workload of enterprise calculation is very large. In addition, when the price continues, matching the current income with the lower cost in the early stage will overestimate the current profit of the enterprise and overestimate the value of the inventory.

Weighted average method.

Advantages: When the weighted average method is adopted, only the quantity, unit price and amount of each batch of income inventory, as well as the quantity of issued and deposited inventory, are usually registered on the inventory ledger; At the end of the month, the amount of issued and held inventory is calculated at one time, simplifying the workload of daily accounting. At the same time, the method considers the quantity of different batches of incoming inventory and its unit price, and the calculation result is more balanced, regardless of whether the price is ** or falls, there will be no obvious high or low cost of issued and balanced inventory, and the current profit is obviously low or high.

3.Disadvantages: This method concentrates all the calculation work at the end of the month, and usually cannot reflect the unit price and amount of the issued and balanced inventory from the account, which is not conducive to strengthening the management and control of inventory.

Individual Valuation Method.

Advantages: The individual valuation method requires that the inventory of income be recorded in detail by variety and lot, and that each batch of inventory be marked for correct identification and determination of value. The cost calculation of this method is accurate and in line with the actual situation, and is mainly suitable for inventory valuation that is easy to identify, has a small number of inventory varieties and has a high unit cost.

Disadvantages: On the whole, the workload is heavy and difficult in practical operation.

Inventories include the following three types of tangible assets: Inventories stored in the ordinary course of business for later use. This refers to various items that are in a state of waiting for sale in the normal process of an enterprise, such as the inventory of finished products of industrial enterprises and the inventory of commodity circulation enterprises.

In order to finally ** is in the production process of inventory. This refers to various items that are in the process of production and processing for the final time, such as products in process of industrial enterprises, self-made semi-finished products and commissioned processing materials. Inventory for the production of goods for sale or provision of services for consumption.

This refers to the various raw materials, fuels, packaging, low-value consumables, etc., that enterprises reserve for the production of products or the provision of labor consumption.

Inventory mainly includes: raw materials, finished products or inventory goods, semi-finished products, work-in-progress, packaging materials, low-value consumables, commissioned processing materials, etc.

Inventory includes raw materials, consignment materials, packaging, low-value consumables, products, and finished products.

1. Commodities. Refers to the purchase of goods by a business for sale. The goods remain in their original physical form until they are sold.

2. Finished products. It refers to the finished products that the enterprise has processed and produced and has completed the entire production process and can be sold to the outside world.

3. Self-made semi-finished products, in-products. It refers to intermediate products or products that are being processed after a certain production process, but have not yet been fully completed, and need to be further processed before being sold.

4. Materials. It refers to the purchased items used by the enterprise to manufacture products and constitute the product entity, as well as the auxiliary materials purchased for production and consumption that do not constitute the product entity. Purchased parts are generally classified in this category.

5. Packaging and low-value front wheeler consumables. It refers to the rows of packaging containers reserved for the packaging of the company's products and various labor materials that can be used as fixed assets due to low value and easy wear.

In different industries, the content and classification of inventory are different: in manufacturing enterprises, inventory is mainly classified as raw materials, commissioned processing materials, packaging, low-value consumables, Tongshi products, finished products, etc.

In construction enterprises, inventory is mainly classified as: inventory materials, low-value consumables, turnover materials, commissioned processing materials, and construction in progress. as well as the products of the affiliated industrial enterprises, inventory of finished products, etc.

In commodity circulation enterprises, inventories are mainly classified as: commodity materials and materials, low-value consumables, color goods, etc.

Inventory accounts include all kinds of raw materials, work-in-progress, semi-finished products, finished products, commodities, turnover materials, consignment goods, etc.

The contents of the inventory are obtained according to the accounting law. Inventories can only be recognized if they meet the following two conditions at the same time: the economic benefits related to the inventories are likely to flow into the enterprise; The cost of this inventory can be reliably measured.

The inventory account shall be filled in according to the total closing balance of the accounts such as material procurement, raw materials, turnover materials, inventory goods, issued goods, consignment products, consignment goods, consignment goods, production costs, etc., minus the closing balance of the consignment goods and the provision for inventory decline.

All items that are legally owned by the enterprise on the date of inventory, regardless of the place where they are kept, shall be considered inventory.

1. Classification according to its economic content.

1. Raw materials. It refers to various raw materials and main materials, auxiliary materials, fuels, repair materials, packaging materials, and purchased semi-finished products that have been processed and changed in the form or nature of the enterprise in the production process and constitute the main entity of the product.

2. In the product. It refers to the work-in-progress that has not yet been processed in the enterprise and needs to be further processed and is being processed.

3. Semi-finished products. It refers to the intermediate products that the enterprise has completed the processing tasks of a certain production process and has been accepted and put into storage, but needs to be further processed.

4. Finished products. It refers to the fact that the enterprise has completed all the production processes and accepted the warehousing, and can be sent to the ordering unit in accordance with the conditions specified in the contract, or can be sold as a commodity.

5. Commodities. It refers to the various commodities purchased or commissioned by commodity circulation enterprises to complete the inspection and use for sale.

6. Turnover materials. It refers to materials that can be used multiple times, gradually transferred and still maintain their original form, and are not recognized as fixed assets, such as packaging and low-value consumables.

7. Consignment of consignment goods. It refers to the goods that the enterprise entrusts other units to sell.

2. Classification according to its storage location.

1. Inventory. It refers to all kinds of inventory that have been accepted and put into storage.

2. Inventory in transit. It refers to the inventory that has been paid for the goods and is being transported in transit, and the inventory that has been delivered to the enterprise but has not yet been inspected and received into the warehouse.

3. Inventory in processing. It refers to the inventory that the enterprise is processing and the inventory that is entrusted to other units for processing.

1. Raw materials refer to all kinds of raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), spare parts for repair (spare parts), packaging materials, fuels, etc., which have been processed and changed their form or nature and constitute products and main entities in the production process. Although the various materials reserved for the construction of fixed assets and other projects are also materials, they cannot be accounted for as the inventory of enterprises because they do not meet the definition of inventory for the construction of fixed assets and other projects.

2. Products in progress refer to the products that are being manufactured by the enterprise but have not yet been completed, including the products that are being processed in various production processes and the products that have been processed but have not yet been inspected or inspected but have not yet gone through the warehousing procedures.

3. Semi-finished products refer to intermediate products that have gone through a certain production process and have been inspected and delivered to the semi-finished product warehouse for safekeeping, but have not yet been manufactured to become finished products and still need to be further processed.

4. Finished products refer to the products that have been completed by the industrial enterprise and inspected in the warehouse, and can be delivered to the ordering unit in accordance with the conditions specified in the contract or can be sold as commodities. If an enterprise accepts substitute products for processing and manufacturing of foreign raw materials and substitute repair products for processing and repairing for other units, it shall be regarded as the finished product of the enterprise after the completion of manufacturing and repair inspection and receipt.

5. Commodities refer to all kinds of commodities purchased or commissioned by commodity circulation enterprises to be processed and inspected for sale.

6. Turnover materials refer to materials that can be used by the enterprise many times but do not meet the definition of fixed assets, such as various packaging materials stored for the purpose of packaging the company's goods, various tools, management tools, glassware, labor protection supplies, low-value consumables such as containers used in the course of business and other turnover materials such as steel formwork, wood formwork, scaffolding and other turnover materials of construction contractors. However, if the turnover material meets the definition of fixed assets, it shall be treated as fixed assets.