27 November 2014
Hi Experts,
Need 1 clarification, i am asking query with help of an example so plz help me getting the right answer.
A mobile company is selling a mobile at 60000 and suppose the cost of mobile is 45000 and cost of charger and lead is 1000.
Whether COGS will be 45000 or 46000 ?
as per me it Should be 46000.
if possible plz share some details with answers.
want to know the concept of sale of multiple items,
if any one is doing it practically,then plz share ur experience.
regards
Sumit
27 November 2014
Where the possibility of segregate the product cost then we need to do the cost separately. here the mobile cost is different and charger cost is different. so cost of goods sold for mobile is Rs.45000/- only.
CAclubindia
