Answer: If the storage cost is necessary to reach the next production stage in the production process, it needs to be included in the procurement cost; If it is not necessary to reach the next production stage in the production process, it will be included in the current profit and loss, not included in the procurement cost.

Initial measurement of inventory:

The initial measurement of inventory mainly needs to consider four aspects:

First, the cost of purchasing inventory

The so-called outsourcing cost mainly includes the purchase price, related taxes and fees, transportation fees, loading and unloading fees, insurance premiums, reasonable loss of inventory during transportation, sorting fees before warehousing and other expenses that can be attributed to inventory procurement costs.

In practice, commodity circulation enterprises can collect the above expenses first, and then allocate them according to the inventory of goods purchased at the end of the period.

The purchase cost of the sold goods is included in the main business cost; For unsold goods, the purchase cost is included in the ending inventory cost.

If the purchase cost of goods purchased by commodity circulation enterprises is small, it can be directly included in the current sales cost when it occurs.

Second, the processing cost.

The inventory obtained by enterprises through deep processing mainly includes finished products, in-process products, semi-finished products and entrusted processing materials.

Processing costs include direct labor and manufacturing costs. Direct labor refers to the wages of workers directly engaged in product production in the production process of enterprises. For manufacturing expenses, it refers to the indirect expenses incurred by enterprises for producing products and providing services.

When an enterprise accepts foreign raw materials to process and manufacture substitute products and consigns products for other units to process and repair, it shall take the sum of all costs incurred in the process of forming finished products as the initial measurement of inventory cost.

Three, the cost of other ways to obtain inventory

Other ways to obtain inventory include accepting investors' investment, exchange of non-monetary assets, debt restructuring and enterprise merger. All of them are initially measured according to the fair value model.

Fourth, the cost of inventory surplus.

Inventory surplus should be used as its replacement cost and accounted for by the subject of "property gains and losses to be processed". After approval according to the management authority, reduce the current management expenses.

The entry is:

Borrow: raw materials, etc

Loan: profit and loss of pending property

With the approval of the management organization:

Debit: profit and loss of pending property.

Loan: management fee

Do you understand the above-mentioned question of whether the warehousing fee is included in the procurement cost after warehousing? Although this part is not difficult, it is the key to the correctness of inventory cost accounting, so this knowledge point needs to be understood clearly. If you have any other questions about inventory, you can consult our Q&A teacher or refer to the courses on our website. Thank you for your attention.