Import costs added to inventory
We import jars - and on top of this there are import costs via mainfreight after jars arrive. To reflect the correct jar price. What is the correct method. 1. Do an "adjustment to item valu...
Hi CCN
An inventory adjustment where your increasing the on hand value of the items would be one way to add additional costs to the value of the items. The cost of which would be spread across the items on hand.
As for which account to code the adjustment to, I recommend discussing this with your accountant. They will be able to advise you of the appropriate account to record the adjustment
