What are the cost accounting methods commonly used by automobile sales companies?

The cost accounting method commonly used by automobile sales companies is individual valuation method.

Commodity cost accounting methods include moving weighted average method, first-in first-out method, last-in first-out method and individual valuation method.

1, moving weighted average method refers to the cost of each purchase plus the cost of the original inventory, divided by the sum of the quantity of each purchase and the quantity of the original inventory, so as to calculate the weighted average unit cost, and on this basis, calculate the cost of the inventory issued in the current month and the cost of the inventory at the end of the period.

2. The first-in-first-out method refers to the method of calculating the cost of issuing inventory based on the principle of first-in-first-out and the unit price of first-in inventory. The specific way to adopt this method is to calculate the cost of issuing inventory according to the unit price of the opening balance of inventory, then calculate according to the unit price of the first batch of inventory received and issued, and so on, and calculate the cost of issuing inventory and ending inventory, which is FIFO.

3. One of the cost flow assumptions of LIFO method. Assume that the inventory cost flows in the reverse order of its occurrence, that is, the first cost occurs as the ending inventory cost: the first one is bought and then sold. LIFO method of inventory cost calculation: when calculating the inventory cost of sales and consumption in inventory flow, the last inventory cost is taken as the principle of paying the inventory cost first, and so on, so as to determine the total inventory cost paid in this period.

4. Individual valuation method: This method is based on the assumption that the cost flow of inventory is consistent with the physical flow. According to all kinds of inventories, the purchase batch or production batch of each wholesale inventory and ending inventory is determined one by one, and the unit cost determined during purchase or production is used as the method to calculate the cost of each wholesale inventory and ending inventory. Under this method, the actual cost of each inventory is used as the basis for calculating the cost of issuing inventory and the cost of ending inventory.

Note: The cost calculation method of the system can only be determined at the beginning of the period and cannot be modified once it is used.