An examination of inventory cost calculation and its financial reporting in budget organizations

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Abdumalik Tulyaganov


This article examines the determination and accounting for the cost of inventory in budget organizations. The importance of accurately managing inventory costs due to its direct influence on profitability is highlighted. The three primary methods of determining inventory cost—First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and the Average Cost Method—are outlined, along with their applications in different industries. The process of inventory cost accounting is explored, emphasizing its role in financial reporting and planning. The necessity of these practices in budget organizations is discussed, noting that the choice of method and accurate accounting can enhance operational efficiency and financial performance. The article concludes by asserting the need for further research to understand the impact of emerging technologies and market dynamics on inventory cost management in budget organizations.

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Tulyaganov, A. (2023). An examination of inventory cost calculation and its financial reporting in budget organizations. Scientific Collection «InterConf», (156), 47–50. Retrieved from


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