Our company is copper, copper products bought from other companies, is the raw materials or goods in stock
If it is used for reproduction, it shall be included in raw materials,If it is sold directly, it should be included in the inventory.
If you do the copper business, sales of copper, then do the inventory of goods; if it is to do the processing copper, as raw material.
Included in the raw material or included in the inventory of goods, mainly depends on whether you need follow-up processing?If further processing is needed, the material can be sold and included in the raw material, so the cost of processing can be transferred to the inventory after the completion of the production cost account. Processing costs (wages, depreciation, other supplies, etc.) cannot be included in the cost of the goods if inventory is included in the process.If the purchase only needs simple packaging can be sold, included in the inventory of goods, packaging and other accounting.
