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April 22, 2026, 09:09:02 am
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Author Topic: Is insurance of stock included in the cost price of stock?????  (Read 953 times)  Share 

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yesyes123

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Is insurance of stock included in the cost price of stock?????
« on: October 12, 2011, 08:46:02 pm »
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??????????????
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RossiJ

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Re: Is insurance of stock included in the cost price of stock?????
« Reply #1 on: October 12, 2011, 09:21:18 pm »
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Normally if you're paying for the insurance annually then no, it won't be part of cost price
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BoredSatan

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Re: Is insurance of stock included in the cost price of stock?????
« Reply #2 on: October 12, 2011, 09:44:41 pm »
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it depends.

if the insurance is for DELIVERY and you are only buying the 1 item AND it can be logically allocated. then it could be included.

but if its for all stock and its for like insurance within the store. then no it is not a cost of goods sold.
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abzzzz

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Re: Is insurance of stock included in the cost price of stock?????
« Reply #3 on: October 14, 2011, 01:01:20 am »
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If the insurance is clearly defined for each unit of stock on a logical basis.
You add things to the cost price that can be clearly identified for each unit of stock, which will bring the stock onto location and prepare it for sale
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