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Materials

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Materials

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by John Moffat.
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  • August 24, 2021 at 12:47 pm #632739
    johnbriane
    • Topics: 146
    • Replies: 147
    • ☆☆☆

    Sir how come

    Purchase cost is also a part of inventory costs ?

    Because

    Purchase department is different from inventory department

    Holding cost is inventory cost
    Ordering cost is also inventory cost
    Because this is happening in the inventory department

    But
    Purchasing is done by purchasing department so why purchase cost is a inventory cost ?

    August 24, 2021 at 3:29 pm #632768
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49601
    • ☆☆☆☆☆

    If you are referring to inventory control (which is seems you are because of your mentioning of holding costs and ordering costs) then the purchase cost is not an inventory cost (although it may obviously be relevant in the calculations if there are quantity discounts, as explained in my lectures).

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