How to carry forward costs for items that are not in stock

In the case that there is no product inventory, all the production costs incurred in the current period are carried forward to the inventory goods, and the sales goods are carried forward to the main business costs.

It is carried forward based on the cost of the product sold out of the warehouse. The products sold in the current period are not necessarily the products produced in the current period, and the general inventory goods are in stock at first, and then the weighted average of the unit price is considered.

First, the accounting treatment of the cost of carrying forward the inventory goods.

Debit: Inventory Taxes Payable – VAT Payable (Input Tax.

Credit: Accounts payable.

When the account sales recognize revenue:

Debit: accounts receivable, etc.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Cost carried forward: borrowed: cost of principal business.

Credit: Inventory of goods.

Second, enterprises should be set up"Inventory items"Accounts account for the increase and decrease of goods in inventory and their balances. When the goods are inspected and stored in the warehouse, they should be carried out by"Production costs"Subjects are transferred"Inventory items"Subjects; When selling inventory goods externally, the corresponding accounting treatment is carried out according to different sales methods; Inventory commodities such as construction in progress shall be transferred according to their cost.

Accounting treatment of inventory surplus.

Pre-Approval: Borrow: Inventory of goods.

Credit: Pending property loss and overflow.

Pending losses and overpayments of current assets.

Post-Approval: Borrow: Pending Property Loss and Excess - Pending Disposal of Current Asset Excess and Loss.

Credit: Administrative expenses.

Third, the accounting treatment of inventory loss.

Borrow: Excess of property to be disposed of - Excess of current assets to be disposed of.

Credit: Inventory of goods.

After approval: Inventory losses caused by mismanagement and other reasons such as sending and receiving measurements, etc., are included in the management expenses.

Inventory losses caused by natural disasters and other abnormal reasons are included in non-operating expenses.

The compensation of the person responsible for the receivable and the insurance company shall be included in other receivables.

Debit: administrative expenses, non-operating expenses, other receivables.

Credit: Excess of Property to be Processed - Excess of current assets to be disposed of.

Inventory commodities refer to the products that have been inspected and received by the enterprise after completing the entire production process and in the warehouse, meeting the standard specifications and technical conditions, and can be sent to the ordering unit in accordance with the conditions specified in the contract, or the products that can be sold as commodities and the various commodities that have been purchased or commissioned to complete the inspection and receipt of the warehouse for sale.

There is no inventory can not carry forward the cost, this is the most basic accounting knowledge, generally in the case of no inventory to sell goods, you can first do the pre-receivables processing, and then do the sales revenue processing when there is inventory, and then carry forward the cost.

The method of carrying forward costs for inventory goods is as follows:1. When purchasing inventory goods, the accounting entries are as follows:

Debit: Inventory Taxes Payable – VAT Payable (Input Tax.

Credit: bank deposits, accounts payable, etc.

2. When selling inventory goods, you can deal with it like this:

Debit: Bank Deposits, Accounts Receivable.

Credit: Tax Payable – VAT Payable (Output Tax).

3. When the main business income is carried forward to the cost of inventory goods, the specific accounting entries are as follows:

Borrow: Cost of main business.

Credit: Inventory of goods.

Precautions for year-end carry-forwardEnterprises should set up the account of inventory commodities to account for the increase, decrease, change and carry-over of inventory commodities. When the goods are checked into the warehouse, they can be transferred to the production cost account in the inventory goods account. When the inventory goods are sold to the outside world, the accounts should be handled accordingly in different sales methods.

For goods in stock such as projects under construction, they shall be transferred according to their costs.

For the detailed account of the inventory goods, it shall be set up accordingly according to the type, variety and specification of the inventory goods of the enterprise. For example, commodities that have been sent out but have not gone through the collection procedures, and commodities sent to the exhibition for exhibition should be separately set up and accounted for.

Finished goods are transferred from the production cost account to the inventory goods.

Borrow: Inventory of goods.

Credit: Production costs.

The inventory goods that have been sold should be carried forward to the cost of the main business.

Borrow: Cost of main business.

Credit: Inventory of goods.

Unexpected loss of inventory goods is transferred to non-operating expenses.

Borrow: Non-operating expenses.

Credit: Inventory of goods.

Tax payable - VAT payable - input tax transferred out.

For example, when the goods purchased by the general taxpayer are put into storage:

Borrow: Inventory Commodity - a certain software.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

70 When selling the software:

Borrow: Bank deposit.

110 Credit: Main Business Income.

Tax Payable – VAT payable (output tax).

Also carry forward costs:

Borrow: Cost of main business.

Credit: Inventory Commodity - A Software.

At the end of the month, revenues and costs are carried forward to profit

Borrow: main business income.

Credit: Profit for the year.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Methods for carrying forward costs for inventory items:

There are two ways to carry forward the cost of goods sold: with sales and on a regular basis. Carry forward with the sale of the cost at the same time as the sale of goods, and the regular carry-forward is generally at the end of the month.

There are two ways to carry forward the cost of goods sold: decentralized carry-forward and centralized carry-forward.

The decentralized carry-over method is a method that calculates the cost of goods sold one by one according to the detailed account of the inventory goods, and registers the carry-over one by one. This method is more expensive to calculate, but it can provide detailed information on the cost of goods sold for each variety.

The centralized carry-over method is to calculate the amount of the closing balance according to the closing balance quantity of the inventory commodity detail account multiplied by the purchase unit price, and then summarize it according to the major categories, calculate the cost of goods sold on the commodity category account, and carry out centralized carry-over, and no longer calculate and carry forward the cost of goods sold of each variety one by one. This way of working is simplified, but does not provide the cost of sales for each commodity.

In addition, the calculation and carry-over of goods issued for non-commodity sales, including the dispatch of processed goods, commodity shortages, etc., are carried forward as they occur. There are two ways to determine the unit price calculated: one is to use the daily carry-over of the cost of goods sold, which is calculated according to the unit price of the commodities in the commodity ledger on the same day; Second, if the cost of sales of commodities is carried forward on a regular basis, it shall be calculated according to the unit price of the commodities at the beginning of the period.

Accounting treatment of inventory goods carry-forward costs:

Borrow: Cost of main business.

Credit: Inventory of goods - so-and-so details.

The amount of the inventory item closing cost Quantity sold The cost per unit of product.

For example, if 100 products A are sold in the current month, the unit cost is 10, and product B is 120, and the unit cost is 8, then the cost of goods sold in the month is 100*10+120*8=1960.

Cost carry-forward main content.

1. Allocation and carry-over of manufacturing costs.

Calculate the manufacturing cost allocation rate; Manufacturing Cost Allocation Rate Total Manufacturing Expenses Total Production Worker Hours.

Calculate the manufacturing costs to be borne by various products; The manufacturing cost of a product The man-hours of the workers working in the production of the product are allocated rate.

Carry-forward entries are prepared based on the results of the calculations.

The accounting entries are:

Borrow: production costs.

Credit: Manufacturing expenses.

2. Calculation and carry-over of manufacturing costs of finished products;

The total cost of manufacturing the finished product in the month The cost of the product at the beginning of the month The cost of the product at the end of the month The cost of the product at the end of the month.

Unit manufacturing cost of finished products Total manufacturing cost of finished products this month Number of finished products in this month.

In order to reflect changes in the increase or decrease of finished products, you need to set up a "finished goods" account.

Borrow: Finished products.

Credit: Production costs.

3. Calculation and carry-over of cost of sales;

The finished products are completed and put into storage, the amount is the cost of the products completed in the previous period and the current period, and the finished products sold and issued may be completed and put into storage in the current period, or they may be completed and stored in the previous period or in the early stage, and the unit production cost of each batch of finished products is different, so it is necessary to calculate and determine with a certain valuation method.

In each accounting period, the enterprise must allocate the cost of finished products in inventory at the beginning of the period and the cost of products from products that are completed and put into storage at the end of the period between the finished products sold in the current period and the finished products in the end of the period.

For example, when the goods purchased by the general taxpayer are put into storage: borrowed:

Goods in stock Tax payable – VAT payable (input tax) Credit: Bank Deposit 70 When selling the software: Debit:

Bank Deposits 110 Credit: Income from Main Business Tax Payable - VAT Payable (Output Tax) Carried Forward Cost: Borrow:

Cost of Main Business Credit: Inventory Goods At the end of the month, the income and costs are carried forward to profit: borrowed

Main business income Credit: Profit of the year Loan: Profit of the year Credit:

Cost of Principal Operations.

1. There is no inventory of goods this month, which does not affect the carry-over of production costs, and the production costs can be carried forward in quantity and amount according to the corresponding cost of the actual completed products, and transferred to inventory goods.

2. There is no inventory at the end of this month, which will not affect the cost of carrying forward the main business preparation. The cost of the main business is settled according to the goods sold in the current month, and there is no need to consider whether there is a balance in the inventory at the end of the month.

3. There are no inventory goods at the beginning of this month, and there is no finished product warehousing this month, and there is no purchase of goods into the imitation Li Slip Warehouse, so there is no need to carry forward costs.

For the accounting of inventory goods, the "inventory goods" account is generally set up, and the inventory goods at the end of the period need to carry forward the cost, and the quantity of the sold products and the unit price of the inventory should be calculated when carrying forward, and then the total cost should be calculated, and the total cost should be carried forward to the main business cost account.

The entries for inventory goods carry-forward are:

Borrow: Cost of main business.

Provision for decline in inventory value.

Credit: Inventory of goods.

When the profit for the year is carried forward at the end of the period:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

What are the items in stock?

Inventory commodities are all kinds of commodities that can be used as inventory or external sales for the enterprise that have completed all the production steps and have been experienced in the library, as well as various commodities purchased or entrusted to complete the processing and inspection of the warehouse for sales, including the products made by the enterprise and the purchased goods. Enterprises should set up accounts such as "inventory goods" to account for the increase and decrease of inventory goods and their balances, and set up sub-ledgers for registration.

What are the categories of items in stock?

1. Raw materials: various raw materials and main materials, auxiliary materials, purchased semi-finished products, repair spare parts, packaging materials, fuels, etc., which are processed and change their form or properties in the production process and constitute the main entity of the product. Although the various materials reserved for the construction of fixed assets and other projects are also materials, they do not meet the definition of inventory because they are used for the construction of fixed assets and other projects, and cannot be regarded as enterprise inventory.

2. Turnover materials: materials that can be used many times but do not meet the definition of fixed assets, such as various kinds of packaging materials reserved for packaging the company's goods, various tools, management tools, glassware, labor protection supplies, low-value consumables such as containers used in the business process, 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 should be treated as fixed assets.

3. Semi-finished products: intermediate products that have undergone 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 further processing.

4. Products in progress: the enterprise is manufacturing products that have not yet been completed, including products that are being processed in various production processes, as well as products that have been processed but have not yet been inspected or inspected but have not yet gone through the warehousing procedures.

5. Finished products: industrial enterprises have completed all the production processes and inspected the warehouse, which can be sent to the ordering unit in accordance with the conditions specified in the contract, or can be sold as commodities. If the enterprise accepts the substitute products processed and manufactured by foreign raw materials and the substitute repair products processed and repaired by the foreign unit, the manufacturing and repair shall be regarded as the finished products of the enterprise after the completion of the inspection and receipt of the warehouse.

6. Commodities: all kinds of commodities purchased or commissioned by commodity circulation enterprises to complete the inspection and inspection of the warehouse for sale.