What is the account of reasonable wear and tear of inventory?

Non-operating expenses.

Enterprises should account for the occurrence and carry-over of non-operating expenses through the "non-operating expenses" account. This account can be accounted for in detail according to non-operating expenditure items.

When the loss on disposal of non-current assets is recognized, the "Non-operating Expenses" account is debited and the "Fixed Assets Disposal", "Intangible Assets", "Raw Materials" and other accounts are credited.

When inventory losses and extraordinary losses are recognized as non-operating expenses, the "non-operating expenses" account is debited, and the "property loss and excess to be disposed of" and "cash in hand" accounts are credited.

At the end of the period, the balance of the "Non-operating expenses" account should be transferred to the "Profit this year" account, the "Profit this year" account should be debited, and the "Non-operating expenses" account should be credited. There should be no balance in this account after the carryover.

Non-operating expenses reflect the various expenses incurred by an enterprise that are not directly related to its business activities, including losses on disposal of non-current assets, losses on the exchange of non-monetary assets, losses on debt restructuring, inventory losses, public welfare donation expenses, extraordinary losses, etc., which is a very important indicator in the financial affairs of an enterprise.

I think there are two situations:

First, the reasonable loss in transit is not made an entry, but is directly counted as a cost.

Second, the part of the inventory that has been put into storage is recorded as "management expenses" as a general operating loss, and the part that is an extraordinary loss is recorded as "non-operating expenses".

This is my personal opinion.

Yes? I thought it was actually included in the cost when the cost of sales was carried forward? Is it okay to include it in the cost? I learn too!

Management Fees! Let me tell you very clearly.

Reasonable wear and tear should be included in the cost of purchased inventory. Because it does not need to be reduced, even if it is lost, it is included in the inventory cost, and if it should be included in the total cost, but this should be included, so it will not affect the total cost of warehousing. Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, the materials and materials used in the production process or the provision of labor services.

Cost of inventory

The cost of inventory is the various expenses incurred in the process of ordering, purchasing and storing inventory, as well as the economic loss caused by inventory shortage. It generally includes:

1) Acquisition costs. It refers to the cost of purchasing goods and obtaining ownership of goods, usually including the purchase price of goods, transportation and miscellaneous expenses, handling fees, insurance premiums, relevant taxes and fees, etc. It mainly depends on two factors: the quantity of goods purchased and the cost per unit acquisition.

2) Order cost. It refers to the relevant expenses incurred in ordering goods, including the cost of the purchasing department, the document processing fee in the process of ordering, the postal and telecommunications fee, etc. It can be divided into two parts, variability and fixity, wherein variability means that the order cost is directly related to the number of orders, and the fixed order cost is the necessary cost to maintain the normal activities of the purchasing department.

3) Storage costs. It refers to the cost of reed food incurred during the storage process, including the depreciation cost of warehouse buildings.

Repair costs, insurance premiums, and interest on occupied funds, etc. It can also be divided into two parts, variable and fixed, where the variable storage cost refers to the expenses directly related to the storage quantity, and the fixed storage cost is the necessary expenses to maintain a certain storage capacity.

4) Out-of-stock costs. Refers to the failure to store sufficient inventory to meet production and operation.

Economic losses caused by necessity, such as downtime losses due to inventory shortages, loss of profit margins due to the production of less products.

penalties paid for late delivery as well as in goodwill.

on the loss, etc. The cost of stockouts depends on the amount of insurance reserves, the higher the amount of insurance reserves, the smaller the possibility of stockouts, and the lower the cost of stockouts; Conversely, the higher the likelihood of being out of stock, the higher the cost of running out of stock.

Not included, included in non-operating expenses.

Enterprises should account for the occurrence and carry-over of non-operating expenses through the "non-operating expenses" account. This account can be accounted for in detail according to non-operating expenditure items.

When the loss on disposal of non-current assets is recognized, the "Non-operating Expenses" account is debited and the "Fixed Assets Disposal", "Intangible Assets", "Raw Materials" and other accounts are credited.

When the inventory loss and extraordinary loss are recognized as non-operating expenses, the "non-operating expenses" are debited to the Sun Li account, and the "property losses and overpayments to be disposed of" and "cash in hand" are credited.

At the end of the period, the balance of the "Non-operating expenses" account should be transferred to the "Profit of the Year" account, the "Profit of the Year" account should be debited, and the "Non-operating Expenses" account should be credited. There should be no balance in this account after the carryover.

Non-operating expenses reflect the various expenses incurred by an enterprise that are not directly related to its business activities, including losses on disposal of non-current assets, losses on the exchange of non-monetary assets, losses on debt restructuring, inventory losses, public welfare donation expenses, extraordinary losses, etc., which is a very important indicator in the financial affairs of an enterprise.

Reasonable wear and tear should be included in the cost of purchased inventory, but because the ** of the inventory itself already contains reasonable loss, it cannot be added again. For example, if you buy a commodity for 100 yuan, the reasonable loss on the way is 20 yuan, then the reasonable loss of 20 yuan is part of the 100 yuan of the loss, because the reasonable loss does not need to be deducted, so the value is recorded.

It is still 100 yuan, which means that the reasonable loss is included in the procurement cost, and there is no need to add it again.

Inventories generally have the following characteristics:

1. Inventory is a tangible asset, which is different from an intangible asset.

2. Inventory has strong liquidity. In enterprises, the inventory is often constantly being sold, consumed, purchased, or replaced, and has a relatively fast liquidity ability and obvious liquidity.

The criterion for determining whether an inventory belongs to an enterprise is whether the enterprise has legal person property rights (or legal property rights) to the inventory. All items that are known to the bureau and whose legal property rights belong to the enterprise, regardless of where they are stored or in what state, should be recognized as the inventory of the enterprise. On the contrary, all items whose legal property rights do not belong to the enterprise, even if they are stored in the enterprise, should not be recognized as the inventory of the enterprise.

The so-called reasonable loss is normal loss, and the normal wear, volatilization and oxidation of the index material. "Reasonable loss" includes the loss of raw materials, finished products, etc., because there is no special provisions, the specific amount of loss is determined by each enterprise according to the daily inventory, without considering abnormal loss, the same kind of inventory due to the different storage conditions of each enterprise, the reasonable loss is also different, which often becomes the best explanation for tax evasion enterprises to deal with tax personnel.

"Reasonable loss" includes the loss of raw materials, finished products, etc., because there is no special provisions, the specific amount of loss is determined by each enterprise according to the daily inventory, without considering abnormal loss, the same kind of inventory due to the different storage conditions of each enterprise, the reasonable loss is also different, which often becomes the best explanation for tax evasion enterprises to deal with tax personnel.

Not included, included in non-operating expenses.

Enterprises should account for the occurrence and carry-over of non-operating expenses through the "non-operating expenses" account. This account can be accounted for in detail according to non-operating expenditure items.

When the loss on disposal of non-current assets is recognized, the "Non-operating Expenses" account is debited and the "Fixed Assets Disposal", "Intangible Assets", "Raw Materials" and other accounts are credited.

When the inventory loss and extraordinary loss are recognized as non-operating expenses, the "non-operating expenses" are debited to the Sun Li account, and the "property losses and overpayments to be disposed of" and "cash in hand" are credited.

At the end of the period, the balance of the "Non-operating expenses" account should be transferred to the "Profit of the Year" account, the "Profit of the Year" account should be debited, and the "Non-operating Expenses" account should be credited. There should be no balance in this account after the carryover.

Non-operating expenses reflect the various expenses incurred by an enterprise that are not directly related to its business activities, including losses on disposal of non-current assets, losses on the exchange of non-monetary assets, losses on debt restructuring, inventory losses, public welfare donation expenses, extraordinary losses, etc., which is a very important indicator in the financial affairs of an enterprise.

Because the reasonable loss of 10,000 yuan has been included in the value of 1 million yuan and should not be added, the answer is 1.01 million yuan.

The description of 10,000 yuan in this question may be the test center.

Reasonable wear and tear during transportation is included in the cost.

Inventory purchase cost = purchase price + relevant taxes + freight + loading and unloading fee + insurance premium + other reasonable expenses attributable to inventory purchase cost before reaching the intended usable state (including reasonable wear and tear in transit).

The cost of purchasing inventory, including the purchase price, related taxes, transportation, handling, insurance, and other expenses attributable to the cost of purchasing inventory.

Reasonable wear and tear is normal wear and tear, such as due to transportation, storage process and other non-due to poor management and natural disasters.

Damage, volatilization and other losses caused. It should be noted that a reasonable depletion of inventory is only a unit cost of increasing inventory. The cost of purchased inventory includes the purchase price + relevant taxes + transportation and miscellaneous expenses (transportation costs, loading and unloading costs, insurance premiums, packaging costs, storage fees, etc.), reasonable wear and tear during transportation, selection and sorting costs before warehousing, and taxes and other expenses that should be included in the cost according to the regulations.

Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, and the materials and materials used in the production process or the provision of labor services.

Inventory Cost Calculation Formula:

Inventory purchase cost = purchase price + relevant taxes + freight + loading and unloading fee + insurance + other reasonable expenses attributable to inventory procurement cost before reaching the intended usable state (including reasonable wear and tear in transportation) reasonable damage directly into the material cost, ** not reduced, quantity minus: fiber borrowing: material procurement - tax payable.

VAT should be paid.

input tax) credit: bank deposits.

Borrow: Stocked materials.

Credit: Material Procurement – Material Cost Variance.

When purchasing materials, reasonable wear and tear during transportation is included in the cost of purchased materials.

Borrow: material procurement.

Tax Payable – VAT Payable (Input Tax) Credit: Bank Deposits.

Borrow: raw materials.

Credit: Material procurement.

Borrow: material procurement.

Credit: Material Cost Variance – Raw Materials Inventory Cost Valuation Method.

The inventory valuation method is a kind of accounting treatment method for enterprises. The choice of inventory valuation method is an important part of the formulation of enterprise accounting policies. Choosing different inventory valuation methods will result in different reported profits and inventory valuations, as well as tax burdens and cash flows for the company.

Make an impact. China's "Accounting Standards for Business Enterprises.

It stipulates that "when all kinds of inventory are issued, enterprises can choose to use the first-in-first-out method and the month-end weighted average method according to the actual situation."

The actual cost is determined by means of the moving weighted average method and the individual valuation method. ”

Not included, included in non-operating expenses.

Enterprises should account for the occurrence and carry-over of non-operating expenses through the "non-operating expenses" account. This account can be accounted for in detail according to non-operating expenditure items.

When the loss on disposal of non-current assets is recognized, the "Non-operating Expenses" account is debited and the "Fixed Assets Disposal", "Intangible Assets", "Raw Materials" and other accounts are credited.

When the inventory loss and extraordinary loss are recognized as non-operating expenses, the "non-operating expenses" are debited to the Sun Li account, and the "property losses and overpayments to be disposed of" and "cash in hand" are credited.

At the end of the period, the balance of the "Non-operating expenses" account should be transferred to the "Profit of the Year" account, the "Profit of the Year" account should be debited, and the "Non-operating Expenses" account should be credited. There should be no balance in this account after the carryover.

Non-operating expenses reflect the various expenses incurred by an enterprise that are not directly related to its business activities, including losses on disposal of non-current assets, losses on the exchange of non-monetary assets, losses on debt restructuring, inventory losses, public welfare donation expenses, extraordinary losses, etc., which is a very important indicator in the financial affairs of an enterprise.

Generally speaking, the actual quantity in storage is measured and stored according to the actual data after loss, so if the amount remains the same, the decrease in the quantity (reasonable loss) will also cause the result of increasing the unit inventory cost, and at another level, it is understood that the loss is included in the inventory cost.

Reasonable loss is normal loss, and the normal wear, volatilization and oxidation of the index material. "Reasonable loss" includes the loss of raw materials, finished products, etc., because there is no special provisions, the specific amount of loss is determined by each enterprise according to the daily inventory, without considering abnormal loss, the same kind of inventory due to the different storage conditions of each enterprise, the reasonable loss is also different, which often becomes the best explanation for tax evasion enterprises to deal with tax personnel.

Inventory occupies an important position in accounting, and at the same time, inventory contains a lot of content, including all kinds of materials, consumables, consignment goods, semi-finished products, products, commodities, finished products, packaging, etc. Today, I would like to work with my friends on the issue of reasonable wear and tear of inventory in transit, hoping to help the friends who are learning.

1. The concept of inventory.

Inventory refers to the products or commodities held by the enterprise in its daily activities, and the materials or materials used in the production process, the reproduction process or the provision of labor services.

2. Is the reasonable wear and tear of the inventory in transit included in the cost of the inventory?

The reasonable wear and tear of the inventory in transit shall be included in the cost of the inventory. However, it should be noted that the reasonable wear and tear mentioned here only refers to the amount of loss when calculating the total value of the inventory, which should be included in the inventory cost, and the reasonable loss amount in transit is not included in the inventory cost.

In addition, when calculating the cost per unit of inventory, the lost quantity is deducted.

3. Analysis of examples of reasonable wear and tear of inventory in transit.

Example 1] An enterprise is a general VAT taxpayer, and purchases a batch of raw materials in November 2018, the price indicated on the special VAT invoice is 500,000 yuan, the VAT amount is 10,000 yuan, the selection and sorting costs incurred before warehousing are 10,000 yuan, and the reasonable loss during transportation is 10,000 yuan. Q: What is the cost of recording this batch of materials?

Analysis: The accounting cost of materials includes procurement costs, selection and sorting costs before warehousing, reasonable wear and tear during transportation and other expenses attributable to inventory procurement costs, so the accounting cost of this batch of materials = 50 + million yuan.

Note: The VAT amount of general VAT taxpayers is not included in the cost of inventory.

Error analysis: It is easy to include the amount of reasonable loss in transportation into the cost.

Example 2] An enterprise is a small-scale VAT taxpayer, and in November 2018, it purchased a batch of raw materials, a total of 51 kg, 50 yuan per kilogram (including VAT), the selection and sorting cost incurred before warehousing is 450 yuan, and the reasonable loss during transportation is 1 kg. Q: What is the recorded value of this batch of materials? What is the unit cost of this batch of materials?

Analysis: The recorded cost of this batch of materials = 51 50 + 450 = 3000 yuan.

The unit cost of this batch of materials = 3000 (51 1) = 60 yuan kg.