What does carry forward the cost of products sold this month mean?

Selling products means that the company's revenue increases and the cost increases, and this cost is the cost of the product sold. It should be transferred from inventory to the cost of the main business.

For example, if an enterprise sells a product this month, it receives a sales revenue price of 20,000 yuan and deposits it in the bank, with a tax rate of 17%; The manufacturing cost of this product is 10,000 yuan.

1. When receiving sales revenue:

Debit: Bank deposit 23400

Credit: main business income 20,000

Tax payable - VAT payable (output tax) 34002, when carrying forward the cost of products sold this month:

Borrow: The cost of main business is 10,000

Credit: 10000 items in stock

Specific Definitions: It is to summarize the cost of the products sold this month and use it as sales revenue when calculating the profit.

deductibles. Examples:100 pieces of goods were sold this month, the unit price was 100, and the main business income.

That's 10,000

The cost of 100 items sold in the current month is transferred to the cost of the main business.

Borrow: Cost of main business.

Credit: Inventory of goods.

Carryover[jié zhuǎn] paraphrased]: carryover, or end of the period to carry over.

Refers to the transfer of the balance or difference from one account to another account at the end of the period. There are two accounts involved here, the former is the transfer-out account and the latter is the transfer-in account, and generally speaking, after the carry-over, the transfer-out account will have no balance.

Carry forward the production cost of the sold products, of which, 548,000 yuan for product A and 278,400 yuan for product B.

Borrow: Cost of main business.

A product 548000

The cost of the main business ---

B product 278400

Credit: Inventory goods--- product A.

Inventory items --- B products.

The cost of products sold in this month is the cost of products sold that increases at the same time as the company's revenue increases, and this cost is the cost of products sold. It should be transferred from inventory to the cost of the main business. Product cost refers to the various expenses incurred by an enterprise in order to produce products.

It can refer to the total cost incurred to produce a certain number of products in a certain period, or it can refer to the unit cost of producing products in a certain period.

Product cost is divided into narrow and broad senses, and the narrow sense of product cost is the various expenses incurred by enterprises for production and management in the production unit workshop and branch factory, mainly including raw materials, fuel and power, production workers' wages and various manufacturing expenses. Product costs in a broad sense include various administrative expenses and sales expenses incurred in production. If it can be listed as the cost of the product, the specific content must comply with the relevant provisions of the state, and the enterprise shall not arbitrarily squeeze and share the cost.

Product cost is a comprehensive index that reflects the level of enterprise management, in the production process of the enterprise, whether the consumption is effectively controlled, whether the equipment is fully utilized, the level of labor productivity, and the quality of product quality can be expressed through the index of product cost. The cost accounting process of the enterprise is also the supervision and management process of the product cost, therefore, the cost accounting of the enterprise should meet the requirements of enterprise management.

Strengthen the audit and control of production expensesCost accounting as an important part of cost management, first of all, should strengthen the audit and control of production expenses, to provide real information on production expenses and expenditures. We must resolutely resist unreasonable expenditures; Expenses exceeding the plan shall be handled in accordance with the prescribed examination and approval procedures; It is necessary to find out the causes of all kinds of waste and losses, and investigate the responsibility of the personnel concerned. The production cost of the product is a kind of expense of the enterprise, but the various expenses incurred by the enterprise do not belong to the production cost of the product.

In order to correctly calculate the production cost of a product, it is necessary to draw a clear line between the various expenses and expenditures.

<> Formula for calculating the cost of goods sold:

Cost of sales = factory cost + selling expenses.

Cost of goods sold. It refers to the production cost of the product sold, the labor cost of the service provided, and the business cost of other sales. Including the cost of the main business.

and other business costs, of which the main business cost is the cost of the enterprise selling commodity products, semi-grasping finished products and providing industrial labor services; Other business costs are the sale of materials, the leasing of packaging materials, and the leasing of fixed assets.

and other business costs.

In order to calculate the cost of this part of the sold products, the enterprise has set up an account of "product sales into segments". The debit side of the account is registered to sell products on a first-in, first-out basis, and the California Enlightenment Average method.

The manufacturing cost calculated by the assumption of equal cost flow is transferred to the "profit of the year" account at the end of the credit registration period, and the manufacturing cost of the sold product is compensated by the sales revenue of the product in the current period, and there is no balance in the account after the transfer.

Cost of Goods Sold Amount of sales – The amount of goods in stock (the cost of production carried forward to completion of the product).

After the finished product is sold, due to the reduction of the inventory product, it is necessary to reduce the product cost of the finished product from the inventory cost, and this part of the product cost reduction becomes the "product cost of sales".

The sales process is the third stage of the production and operation activities of industrial enterprises. In this stage, the enterprise recovers monetary funds through the sale of products to ensure the reproduction of the enterprise. An enterprise should calculate the profit or loss of product sales realized by the enterprise in a certain period by calculating the cost of sales of the carry-over products and matching it with the sales revenue realized in the current period.

The object of the product cost of goods sold is calculated for each product that has been sold. Since the cost of sales is the production cost of the sold product, the calculation of the cost of sales of the product is essentially the carry-over of the production cost of the sold product.

In general, the production cost of each batch of finished products is not the same, so the key to calculating the carry-forward cost of goods sold is how to determine the unit production cost of the sold products.

The sold products are carried forward according to the purchase price, and the important specific business in accounting work is usually the practice of transferring the amount and balance of one accounting account to that account or another accounting account, which is called carryover. There are four purposes for carry-forwarding: one is to carry out the balance of this account;

the second is to calculate the cost for the reporting period; third, it is to calculate the profit and loss and the realization of profit in the current period; Fourth, in order to maintain the continuity of accounting work, it is necessary to transfer the balance at the end of the current fiscal year to the next fiscal year.

Generally, when an enterprise recognizes the income from its main business such as the sale of goods and the provision of labor services, or at the end of the month, it transfers the cost of the goods sold and the services provided to the main business cost. The cost of main business is the cost of chaos incurred by the enterprise in regular activities such as selling goods and providing labor services. At the end of the period, the balance of the main business cost will be transferred to the "profit of the year" account, and there will be no balance in the account of the bridge after the carryover.