The cost of inventory refers to the cost of purchasing inventory

1. The sentence "the inventory cost of an enterprise refers to the purchase cost of inventory" is incorrect.

2. The correct expression is: inventory cost includes procurement cost, processing cost and other costs.

1. The purchase cost of inventory, including the purchase price, relevant taxes, transportation costs, loading and unloading costs, insurance premiums and other expenses attributable to the inventory purchase cost.

2. The processing cost of inventory refers to the additional expenses incurred in the processing process of inventory, including direct labor and manufacturing costs allocated according to a certain method.

3. Other costs of inventory refer to other expenditures incurred to make the inventory reach its current place and state in addition to procurement costs and processing costs. The design expenses incurred by enterprises in designing products should usually be included in the current profit or loss, but the design expenses incurred in designing products for specific customers and can be directly determined should be included in the cost of inventory.

Third, the inventory is different, and the composition of its cost is also different.

1. The cost of raw materials, commodities, low-value consumables and other inventories obtained through purchase is composed of procurement costs;

2. The cost of the inventory of finished products, work-in-progress, semi-finished products, etc., which are self-made or need to be processed by external units, is composed of procurement costs, processing costs and other expenses incurred to make the inventory reach the current place and state.

Examination of junior accounting titles].

Among them, 1) 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 amount of value-added tax that can be deducted according to the regulations.

2) The relevant taxes and fees on inventory refer to the import duties, consumption taxes, resource taxes and non-deductible VAT input taxes incurred by enterprises in the purchase of inventory, as well as the corresponding education surcharges and other taxes and fees that should be included in the cost of inventory purchase.

The VAT paid by small-scale VAT taxpayers for the purchase of inventory cannot be deducted and should be included in the purchase cost of inventory.

3) Other expenses attributable to the cost of inventory procurement refer to the expenses attributable to inventory procurement in addition to the above items in the procurement cost, such as storage fees, packaging costs, reasonable wear and tear in transportation, and selection and sorting costs before warehousing.

Note: Purchasing expenses such as transportation costs, loading and unloading costs, insurance premiums and other expenses attributable to inventory procurement costs incurred by commodity circulation enterprises in the process of purchasing commodities.

It should be included in the cost of inventory purchase.

It can also be collected first, and apportioned at the end of the period according to the inventory and sales of the purchased goods. For the purchase cost of sold goods, it is included in the profit or loss for the current period; For the purchase of unsold goods, the cost of inventory at the end of the period is included.

If the purchase cost of goods purchased by an enterprise is small, it can be directly included in the profit or loss of the current period when it occurs.

The cost of purchasing inventory Purchase price + transportation cost + reasonable wear and tear during transportation + storage fee + handling fee and other expenses, but excluding VAT and deductible expenses. Then: a.

The over-quota loss caused by the transportation agency is the fault of the transportation agency and can be compensated by the transportation agency, so it cannot be included in the inventory procurement cost. b。Reasonable wear and tear during transportation is the cost of purchasing inventory, so it is included in the cost of inventory purchase.

c。The travel expenses of procurement personnel are indirect expenses, so they cannot be included in the cost of inventory procurement. d。

Import duties are non-deductible taxes that help include the cost of inventory purchases. Answer: AC

【Analysis】The purchase cost of inventory generally includes the purchase price, relevant taxes, transportation costs, loading and unloading costs, insurance premiums, and.

Other expenses attributable to the cost of inventory purchases. That.

The relevant taxes and fees mainly include those that need to be paid for the purchase of inventory.

Import duties, consumption taxes, resource taxes and those that cannot be deducted.

VAT, input tax, etc. Other incidental costs are mainly:

Refers to the purchase cost in the process of purchasing inventory. It includes:

Storage fees, packaging fees, insurance premiums, loading and unloading fees, reasonable wear and tear during transportation and the whole before warehousing in the purchase process.

Fees, etc.

What is Inventory? What is included in the inventory? How is the inventory confirmed?

Answer]: ABCD procurement cost is the purchase of inventory itself, in addition to the order cost, procurement cost, guess out of stock cost. This question examines the cost of the inventory-related sufficiency, and the procurement cost should also be selected here.

The purchase cost of inventory includes the purchase price, relevant taxes, transportation costs, loading and unloading costs, insurance premiums and other direct expenses incurred in the process of purchasing inventory, but does not include the amount of value-added tax that can be deducted in accordance with the tax law.

Unreasonable loss in transit, the cause to be investigated, included in the profit and loss account of property to be disposed of, and the accounting treatment is:

Borrow: Profit or loss on property to be disposed of.

Credit: raw materials, etc.

Pending property loss and overflow"Accounts for the profit, loss and damage of various property materials identified by the company in the process of property inventory. This account is set under this account"Pending fixed asset loss or overvalue"with"Pending losses and overpayments of current assets"Two active accounts. This account is credited when there is a profit, and debited when there is a loss.

Pending property gains and losses are asset-class accounts. The account code is 1901.

The "Pending Property Loss and Loss" account is temporary. When the profit and loss of the enterprise's property are recorded in the account, once approved, the accounting treatment will be carried forward according to the approved results.

And in general, the amount of funds occupied by the account is small, and it is not easy to attract the attention of tax inspectors. However, the carry-over of property and material profits and losses in this account is directly related to the costs and expenses of the enterprise and non-operating income and expenditure, so the account is an account that is prone to fraud, and its impact on tax payment cannot be ignored.

In general, VAT on the purchase of raw materials will be deducted, so VAT is not included in the cost of material purchases.

Inventory purchase costs: including the purchase price (net of commercial discounts), relevant taxes (customs duties, consumption tax, resource tax, non-deductible value-added tax, etc.), transportation costs, handling costs, insurance premiums and other expenses attributable to inventory purchase costs.

Inventories should be initially measured at cost. Inventory costs include procurement costs, processing costs, and other costs. The cost of inventory purchase includes the purchase price, relevant taxes, transportation costs, handling costs, insurance premiums and other expenses attributable to the cost of inventory purchase.

Processing costs and other costs are not included in the scope of procurement costing.

Answer]: a, b, c

This question assesses the cost of purchasing inventory. The loss caused by the accident during transportation shall be treated as an extraordinary loss to the town and included in the non-operating expenses.

The cost of purchasing inventory in accounting includes the purchase price, related taxes, transportation costs, handling costs, insurance premiums, and other expenses attributable to the cost of inventory purchase. For general taxpayers, the cost of procurement does not include input tax; However, for small-scale taxpayers, input VAT is included in their purchase costs.

Procurement costs can be divided into two types: direct procurement costs and joint procurement costs.

1. Direct procurement costs refer to the expenses that can be directly confirmed to be borne by a certain material when incurred, and the expenses are directly recorded in the procurement cost of various materials after they occur.

2. The common procurement cost refers to the procurement cost that should be borne by a variety of materials, and the cost should be allocated to the procurement cost of various materials according to a certain standard, and the distribution standard mainly includes the purchase quantity, **, etc.