Whether fixed and administrative expenses are included in computing finished goods cost for working capital management or not ??pls help
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Finished goods cost computation
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Fixed and admin overheads are allocated to the finished goods on the different bases of allocation such as direct labour hour method, machine hour method, ..
For estimation of wc in finsh guds, we uses
avg fin stock*365/cogs
.In computatn of cogs: we include manufacturing exp,admin exps whether fixed or vrible..
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