Transport cost allocation
Hello
product cost is ₹ 150000/-.We had to incur transport cost of ₹ 4000/-for the same.Invoice includes total number of 500 products of different prices each. First one is 10 pcs of ₹ 290/- each.if I want to allocate transport cost to each product which is the correct method I should follow?
Allocate Transport Cost of 4,000 Based on Product Sales Value; Expert Confirms Correct Calculation of 2.67 Per Product A user inquired about the correct method to allocate a transport cost of 4,000 to products totaling 150,000 in value, with an invoice for 500 products of varying prices. An expert suggested allocating the transport cost based on the sales value of each product. The user clarified this by calculating a percentage of the transport cost relative to the total product cost, resulting in an additional cost of 2.67 per product, which the expert confirmed as correct. The user expressed gratitude for the guidance. (AI Summary)
Accounting - Auditing