Why should the raw materials be valued before they are recorded?

To receive raw materials, the amount can not be written in the usual receipt form.

At the end of the month, the weighted average unit price is calculated according to the summary table of requisition, and the weighted average unit price is used to calculate the amount of requisition.

The valuation you said is not in accordance with the standard for the accounting of raw materials.

It depends on what method your company uses to calculate costs. If it is a first-in-first-out method, then there is no need to estimate the price, and the amount of raw materials bought will be recorded in the account. In the case of the moving weighted average method, of course, it needs to be valued before it can be recorded.

Generally, enterprises are calculated using the one-time weighted average method or the moving weighted average method.

For example: the company bought 1,000 tons of raw materials on January 3, and the payment was 1,000 yuan; No. 4 to buy 1,000 tons of raw materials, the payment is 1,100 yuan (raw materials ** change with market fluctuations, not necessarily consistent). No. 5 receives 1,000 tons of raw materials, and No. 6 receives 1,000 tons, so when calculating the cost:

A FIFO No. 5 Receiving Materials Borrow: Production Cost - Raw Materials 1000 Credit: Raw Materials 1000

No. 6 Receiving Materials Borrow: Production Costs--- Raw Materials 1100 Credit: Raw Materials 1100

b Moving weighted average method Average unit price of goods = 2100 2000 = yuan.

No. 5 Receiving Materials Borrow: Production Costs - Raw Materials 1050 Credit: Raw Materials 1050

No. 6 does the same thing as No. 5; Forehead.

If the invoice doesn't come, it stands to reason that you won't do the account, even if you know the actual price, it doesn't count, so you can only do an estimate, and when the time comes, you will be making a correct voucher.

Generally, if the invoice has not arrived, it needs to be temporarily estimated and recorded.

Reasonable wear and tear in transit does not affect the recorded value, but the unit cost.

Therefore, the cost of materials is.

1. The purchase price of materials is 600*50=30000

2. Transportation and miscellaneous expenses 2000

3. The selection fee before warehousing is 200

The recorded value should be 32200 and the answer is c

Reasonable damage in transit is included in the cost and is not added to the recorded value of the raw materials, and it is not deducted from the recorded value of the raw materials. Therefore, the total cost remains the same, but according to the actual quantity received, the ** of the unit quantity is increased accordingly (the unit price is increased). It is equivalent to this reasonable loss that does not need to be accounted for, and does not need to be reflected separately by one account.

The sorting and selection fee incurred before warehousing is 1,400 yuan, which should be regarded as a cost and included in the recorded value of raw materials.

The answers to both questions are correct.

1.It can be understood this way.

2.If so, it does not include VAT, because the input VAT of general taxpayers can be deducted and should be calculated separately, as shown in Question 2. If not, VAT is included, as shown in question 1

The entries are: borrow: raw materials 10000 + 1700 + 500

Credit: Bank Deposit Cash 12200

3 and 4. If you understand what I explained in 2, it will not be difficult to understand, I think the reason you asked this question is that you did not understand the difference between general taxpayers and small-scale taxpayers. Or don't understand the meaning of input tax credit.

General taxpayers allow VAT deductions, and to put it bluntly, the tax bureau will return your tax to you. Not on a small scale. Do you understand.

The actual cost of purchased materials consists of the following:

a) the purchase price;

2) Transportation and miscellaneous expenses (including transportation costs, loading and unloading fees, insurance fees, packaging costs, storage fees, etc., excluding the deductible VAT amount calculated by enterprises belonging to general VAT taxpayers according to a certain proportion of transportation costs according to regulations);

3) Reasonable wear and tear during transportation;

4) The cost of sorting and sorting before warehousing (including the labor, expenses and necessary losses incurred in the selection and finishing, and minus the value of the scrap material);

v) Taxes (e.g. customs duties, etc.) and other expenses borne by the purchased goods. For enterprises that are general VAT taxpayers, the VAT input tax payable for the purchase of materials shall be calculated separately and shall not be included in the cost of purchased materials. Small-scale taxpayers and small enterprises that cannot obtain special VAT invoices for purchased materials shall be included in the cost of purchased materials for the non-deductible VAT input tax paid for the purchased materials.

Procurement expenses such as packaging costs, transportation and miscellaneous expenses, insurance premiums, loading and unloading costs, reasonable wear and tear during transportation, and selection and sorting costs before warehousing incurred by enterprises engaged in commodity circulation before the purchase of goods arrive at the warehouse are directly included in the current operating expenses and are not accounted for in this account. Item (1) above shall be directly included in the actual cost of various materials. Items (2), (3), (4) and (5), which can be distinguished, should be directly included in the actual cost of various materials; If it cannot be distinguished, the actual cost of various materials shall be reasonably apportioned and included in the proportion of the weight or purchase price of the materials.

The recorded value of raw materials = purchase price + storage fee + packaging fee + reasonable loss during transportation + selection and finishing cost before warehousing.

Among them, the purchase price of inventory refers to the price listed on the invoice of the materials or commodities purchased by the enterprise, but does not include the VAT amount that can be deducted according to the regulations.

The relevant taxes and fees on inventory refer to the import duties, consumption tax, resource tax, non-deductible value-added tax and the corresponding education surcharge that should be included in the cost of inventory purchase.

Other expenses attributable to inventory procurement costs refer to storage fees, packaging costs, reasonable wear and tear during transportation, and selection and sorting costs incurred in the inventory procurement process.

If the raw materials purchased by the enterprise have been received, but the corresponding invoice has not been received, the accountant can make a provisional estimate and warehousing. If the raw materials that have been provisionally estimated and put into storage have been received, how should the accounting entries be made?

How to account for the raw materials that are tentatively estimated and put into storage?

1. Provisional estimate of this month's material and chain material:

Borrow: raw materials.

Credit: Accounts Payable - Provisional Valuation of Materials.

2. The raw materials used are directly entered in accordance with the normal use

Borrow: management expenses, production costs, etc.

Credit: raw materials.

3. In the next month, if it has not been decided, you need to rush back:

Borrow: raw materials (in red).

Credit: Accounts Payable - Provisional Valuation of Materials (in red).

4. If you receive an invoice, you will be booked according to the process

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts Payable Bank Deposits.

Accounts payable: generally refers to the debts incurred due to the purchase of materials, commodities or the acceptance of labor services**, that is, the liabilities incurred by the buyer and the seller in the purchase and sale activities due to the inconsistency between the acquisition of materials and the payment of goods.

In general, accounts payable are recognized when the main risks and rewards associated with ownership of goods purchased have been transferred, or when services purchased have been accepted.

What does provisional accounting mean?

According to the relevant provisions of the accounting system for enterprises, if the goods purchased by the enterprise have been stored in the treasury and buried but have not yet received the invoice, at the end of the month, the warehousing cost should be reasonably estimated (such as the contract agreement**, the purchase cost of similar commodities in the current month or the near future, the purchase cost of similar commodities in the current month or the recent period, and the current market ** of the same commodity in the same circulation link) for provisional estimation and accounting.

What does raw material mean?

Raw materials mainly refer to the various raw materials and main materials, auxiliary materials, fuels, repair spare parts, packaging materials, purchased semi-finished products, etc., which are processed and changed in the form or nature of the enterprise in the production process and constitute the main entity of the product.

3. Shipping and miscellaneous expenses. (It is to consider input tax) but it has been clearly not used in the above question.

So the cost of raw materials: 600*50+2000+200=32200