Physical Inventory Valuation
When a company prepares its financial statements, it is obliged to physically check and valuate its inventory on an annual basis.
During the physical inventory valuation, you determine the commercial and tax-based value approaches for raw materials and operating supplies, as well as for the finished and semi-finished products.
The finished and semi-finished goods to be valuated could be in stock or in the production process.
In this scenario we first calculate the value of the raw materials and operating supplies. We then valuate the finished and semi-finished products that are in stock. We then calculate the value of the products that are still in the production process (work in process).
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Process Chain
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Valuating Raw Materials and Operating Supplies at Lowest Value Valuating Unfinished and Finished Stock Using Inventory Costing Determining Valuation Approaches for Material Components Determining Valuation Approaches for Internal Activities Cost Center Accounting Copying the Actual to the Physical Inventory of the OAS Transferring Tax Depreciationsthe Physical Inventory Version Executing Revaluations Executing Indirect Activity Allocation Plan Price Iteration Displaying the Quantity Structure Displaying the Valuation Variant (Reference Cost Estimates) Displaying the Bill of Material (BOM) Displaying the Routing Executing and Saving Inventory Costing Inventory Reports at Lowest Values Valuating Work-in-Process Generating a Partly-Processed Production Order Determining and Posting Work in Process