STOCK OF SEMI FINISHED GOODS - Accounts and Finance for Managers

The treatment of the stock of semi finished goods is mainly depending upon the two different approaches viz prime cost basis and factory cost basis. The factory cost basis is considered to be predominant over the early one due to the consideration of factory overheads at the moment of semi finished goods treatment. The indirect expenses are the expenses converting the raw materials into semi finished goods which should be relatively considered for the treatment of the stock valuation rather than on the basis of prime cost.

STOCK OF SEMI FINISHED GOODS


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