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of <h1>CAS-6: Guidelines for Material Cost Determination in Cost Statements, Excluding Packing Materials (See CAS-9)</h1> The Cost Accounting Standard 6 (CAS-6) issued by the Institute of Cost and Works Accountants of India outlines principles and methods for determining material costs in cost statements. It covers the classification, measurement, and assignment of material costs, excluding packing materials, which are addressed separately under CAS-9. CAS-6 applies to companies with significant net worth, turnover, or listed securities, as per the Companies (Cost Accounting Records) Rules, 2011. Material costs include raw materials, components, and indirect materials, with valuation methods such as FIFO, LIFO, or weighted average. Disclosures must include major material items, valuation bases, and any related party transactions.
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