Abstract
Costing methods are the ways by which certain managerial calculations are likely to be employed in the firm concerning material issues to the production process. That aspect is examined in 2.3 below. It is important, however, to show first how the raw materials used in the production process are controlled in the firm. That aspect is now examined.
The ascertainment of cost is therefore fundamental to inventory valuation except for those items which are capable of being disposed of outside the business with no effect on the continuity of operations.
(Most, 1967)
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Copeland, R. M. and Shank, J. K. (1971) ‘LIFO and the Diffusion of Information’, Empirical Research in Accounting: Selected Studies, pp. 196–224.
Gambling, T. E. (1969) A One-Year Accounting Course in Two Parts, Part II (Pergamon Press) ch. 8.
Moore, C. L. and Jaedicke, R. K. (1976) Managerial Accounting (South-Western Publishing Co.) pp. 50–5.
Most, K. S. (1967) ‘The Value of Inventories’, Journal of Accounting Research, vol. 5. no, 1, Spring, p. 46.
Author information
Authors and Affiliations
Copyright information
© 1984 Dr W. Armand Layne and Mr Colin Rickwood
About this chapter
Cite this chapter
Layne, W.A. (1984). Material Control and Costing Methods. In: Cost Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-17691-5_2
Download citation
DOI: https://doi.org/10.1007/978-1-349-17691-5_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-36070-5
Online ISBN: 978-1-349-17691-5
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)