Assignment help on Cost Sheet and Stock Valuation

Cost sheet and Stock valuation should be studied together as without having valuation of stock for each of the categories , making cost sheet is impossible. Cost sheet is a statement which helps us to ascertain unit price of a product and therefore it takes into account direct as well as all indirect cost incurred in making the product. We , at Courseworktutors provide complete Cost sheet Assignment help on all types of critical questions relating to finding out the cost of a product.

Importance of stock marketing and evaluation

Many of the companies are having the stock or inventories that are held in the form of raw materials, work-in-progress, service items, finished goods and products for sale and resale. Sometimes the values of the stocks are high that represents a considerable amount of money, and so it is essential to learn and are therefore valued consistently, and proper controls are kept over the physical stocks.

To understand the concepts of stock marketing or evaluation, it is highly recommended to follow the online sites to get better ideas as they are providing expects to clear your doubts, have unlimited resources and helps in achieving massive productivity for the organization. All these facilities can be provided by the Stock Valuation Assignment Help and Stock Valuation Homework Help.

Stocks

The stocks are defined as the inventories that are present in the form of raw materials that are used for manufacturing the business. The work-in-progress is associated with the manufactured goods, and the finished goods are always ready for sale. The products are bought for resale by a retailer. The service items such as the stationery are brought for use within the business.

The stocks are often kept in the stores of the organization, and the person who looks after is called as the storekeeper. It is necessary to maintain the stocks as they are considered as the vital part of the companies. There is always a need for an emergency where inventories play a major role.

The products kept in the stores are used in a certain cases and at regular period of time they are evaluated to avoid any types of faults or risks associated with it, to minimise the chances of waste as well as to maintain the profit scale of the organization by giving the appropriate results for analysing the future needs. The ideas about of the stocks and its importance are described briefly on the websites like Stock Valuation Assignment Help and Stock Valuation Homework Help.

Valuation of stock

The stocks of materials are held by the organization that is invariable and has considerable value and tie up a lot of money. At the end of the year, it is essential for the firm to make the physical stock list as well as to value its stock for better financial performance in calculating the profit for a regular balance sheet. The physical stock-take involves the staff of the organization in counting each item held in the inventories. The process can be further analysed by using this formula that helps in understanding the value of the lists.

Number of items held x cost per item = stock value

The firm always appoints the auditors who are responsible for ensuring the value of stock and to make correct statements. The value of the stock is therefore used at the beginning and end of the year to calculate the figure of the cost of sales that directly affects the profit scale of the organization. The professionals available on the online services are giving better ways to analyse the stock using easy tricks and methods in Stock Valuation Assignment Help and Stock Valuation Homework Help.

Our email based assignment help and homework help on Stock valuation covers all concept relating to marketing, distribution and as well as sale process of stock. We can also help student in their Cost sheet Assignment help.

Format of Cost Sheet

Particulars	Amount	Amount
Opening Stock of Raw Material Add: Purchase of Raw materials Add: Purchase Expenses Less: Closing stock of Raw Materials Raw Materials Consumed Direct Wages (Labour) Direct Charges	XXX XXX XXX XXX XXX XXX XXX
Prime cost (1)		XXX
Add :- Factory Over Heads: Factory Rent Factory Power Indirect Material Indirect Wages Supervisor Salary Drawing Office Salary Factory Insurance Factory Asset Depreciation	XXX XXX XXX XXX XXX XXX XXX XXX
Works cost Incurred		XXX
Add: Opening Stock of WIP Less: Closing Stock of WIP	XXX XXX
Works cost (2)		XXX
Add:- Administration Over Heads:- Office Rent Asset Depreciation General Charges Audit Fees Bank Charges Counting house Salary Other Office Expenses	XXX XXX XXX XXX XXX XXX XXX
Cost of Production (3)		XXX
Add: Opening stock of Finished Goods Less: Closing stock of Finished Goods	XXX XXX
Cost of Goods Sold		XXX
Add:- Selling and Distribution OH:- Sales man Commission Sales man salary Traveling Expenses Advertisement Delivery man expenses Sales Tax Bad Debts	XXX XXX XXX XXX XXX XXX XXX
Cost of Sales (5)		XXX
Profit (balancing figure)		XXX
Sales		XXX

Frequently Asked Questions (FAQs)

What are the elements in which Cost is classified in Cost Sheet?

There are three elements in which cost is classified. They are materials . labour and Expenses.

What is the meaning of Product Cost?

All types of cost which are incurred for manufacturing of product is classified as product costs.

What are the classifications of Product cost?

Product cost is classified into two Costs such as

Direct Costs
Indirect Costs

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