When purchasing raw materials, the freight incurred is included in the cost of raw materials.
1. Inventory refers to finished products or commodities held by enterprises for sale in their daily activities, materials consumed in products and production processes, and provision of labor services.
2. The purchase cost of inventory includes the purchase price, relevant taxes, transportation fees, loading and unloading fees, insurance fees and other expenses that can be attributed to the purchase cost of inventory.
3. In the process of purchasing commodities, the expenses incurred by enterprises (commodity circulation) that can be attributed to the inventory purchase cost, such as transportation fees, handling fees, insurance fees, etc., should be included in the inventory purchase cost, or they can be collected first, and distributed according to the inventory and sales of the purchased commodities at the end of the period. The purchase cost of the sold goods is included in the current profit and loss; The purchase cost of unsold goods is included in the ending inventory cost. If the purchase cost of goods purchased by an enterprise is small, it can be directly included in the current profit and loss when it occurs.
If two or more raw materials are purchased at the same time, the freight and miscellaneous expenses should be shared. Freight belongs to the reform of value-added tax. If a special VAT invoice is issued, 1 1% input tax can be deducted, mainly depending on the invoice. Generally used in international and domestic trade, the seller wants to transport the goods to the buyer's place, so there are some small expenses such as intermediate freight, which are collectively called freight and miscellaneous fees. Generally, it is divided into three categories: land transportation, air transportation and sea transportation.
To sum up, the inventory purchased by an enterprise shall be regarded as the actual cost according to the purchase price plus transportation fees, handling fees, insurance fees, packaging fees, storage fees and other expenses, as well as reasonable loss in transit, sorting fees before warehousing, taxes and other expenses that should be included in the cost. Commodities purchased by commodity circulation enterprises are directly included in the current profits and losses according to the purchase price and taxes that should be included in the commodity cost as actual costs, such as transportation fees, handling fees, insurance fees, packaging fees, storage fees, reasonable loss in transit, sorting fees before warehousing, etc. It can be seen that the freight and miscellaneous expenses incurred by industrial enterprises in purchasing raw materials should be included in the cost of raw materials.
Legal basis:
Accounting Standards for Enterprises-Basic Standards
Article 35
Expenses incurred by an enterprise for producing products and providing services that can be attributed to product costs and service costs are included in the current profits and losses when the product sales income and service income are recognized.
If the expenses incurred by an enterprise do not generate economic benefits, or even if they can generate economic benefits, they do not meet or no longer meet the conditions for asset recognition, they shall be recognized as expenses when incurred and included in the current profits and losses.
Summary of Excellent Warehouse Manager 1
In the first half of 20 _ _ _, under the correct leadership of leaders at all levels in