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Determining Inventory Costs

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    Zachary B.
    US
    Zachary B.

    What is determining inventory costs?

    Samer A.
    LY
    Samer A.

    How do you calculate the cost of inventory by year

    Ebrima J.
    MR
    Ebrima J.

    the cost of purchases plus any other cost of obtaining the goods.

    Azizullah N.
    CA
    Azizullah N.

    Interesting

    Sarah Phiri M.
    ZM
    Sarah Phiri M.

    In order for one to determine the cost of goods few factors have to taken into consideration: 1. Determine the period e.g 1month 2. Opening inventory 3.goods purchased for the said period 4.physical stock count and assign value 5.sumup point 2through to 3

    Ogunbowale A.
    MY
    Ogunbowale A.

    determining inventory cost of goods can be in form of cash payable and promissory notes if the inventory does not seem to be visible items but it is generally included as part of the overhead expenditure like electricity bills payment,utilities,insurance policy payment,loan and grants e.t.c a probation of time would be attached to this form of inventory for a company depending on the agreement between the company and the teaming parties providing such services to the company

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