Good evening Sir! I have a question. Refer to IAS2, should Insurance and property taxes on the manufacturing equipment & factory add to manufacturing overhead cost? Thank you so much for you answer.
Saater Samson Awuapila it is the difference between the cost 1,500 and the selling price 1,440. They originally valued inventory at cost 1,500 so to adjust the value to the selling price 1,440 you need to deduct 60 per unit
Good evening Sir! I have a question. Refer to IAS2, should Insurance and property taxes on the manufacturing equipment & factory add to manufacturing overhead cost? Thank you so much for you answer.
so whats the value of closing inventory?
What does shortly after the year end mean, and those in first stage aren't they inventory any more?
the $60/unit is from where?
Saater Samson Awuapila it is the difference between the cost 1,500 and the selling price 1,440. They originally valued inventory at cost 1,500 so to adjust the value to the selling price 1,440 you need to deduct 60 per unit
why do we need to calculate for the production process? thought that we only need to take note on the finished goods..