Inventory Records - cost per unit calculation
yan18
Registered Posts: 19 Regular contributor ⭐
Hi,
When calculating the cost per unit, does this figure include the cost of postage spread out across each item?
For example:
I order a pack of 100 pens for 18p each. Delivery for this order is £2.99.
For calculating the unit cost for inventory records, is the unit cost 18p or 21p?
Thanks for your help!
yan18
When calculating the cost per unit, does this figure include the cost of postage spread out across each item?
For example:
I order a pack of 100 pens for 18p each. Delivery for this order is £2.99.
For calculating the unit cost for inventory records, is the unit cost 18p or 21p?
Thanks for your help!
yan18
0
Comments
-
Hi
For valuation purposes inventory costs include any costs incurred bringing inventories to their present location as per IAS2 Inventories.
Are the pens stock that you will sell on or an expense for the office? If it is stock/inventory then refer to IAS2.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership