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The cost of storage of the items you add in the cost of Good soled or in selling expenses and why?

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Question ajoutée par Walied EL-Lakany , Financial Controller , Accounting and Tax Consulting Group
Date de publication: 2014/04/30
Ashraf     CMA    CIA
par Ashraf CMA CIA , group financial control manager , retail & trading group

Cost of storage of inventory is Meryl G&A Exp ( rent ), and it will neither be included into the CGS nor selling expenses.

Mukkaram Siddique
par Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

 Inventory Storage cost or Finished goods.

Both are treated as Selling Expense, because CGS (Cost of Goods Sold) contains value of inventory and Purchase cost of new inventory

CGS=

Op. Stock

+Purchases

-Closing Stock

 

 

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