Storage costs
Posted: 22 Sep 2021, 16:18
Hi,
Is there any guidance on where to report storage costs in the P&L Statement based on the function method (see below)? I would say that those costs are reported under Cost of Sales but it makes me doubt the fact that they are not included in inventory cost.
Question relates to the storage costs that are not necessary in the production process before a further production stage.
Thanks
Regards
PROFIT AND LOSS STATEMENT
Net sales
Cost of sales
Research and development expenses
Selling, general and administrative expenses
Interest expense
Provision for income taxes
Is there any guidance on where to report storage costs in the P&L Statement based on the function method (see below)? I would say that those costs are reported under Cost of Sales but it makes me doubt the fact that they are not included in inventory cost.
Question relates to the storage costs that are not necessary in the production process before a further production stage.
Thanks
Regards
PROFIT AND LOSS STATEMENT
Net sales
Cost of sales
Research and development expenses
Selling, general and administrative expenses
Interest expense
Provision for income taxes