The document discusses various costing methods used in the manufacturing industry. It outlines inventory valuation approaches such as FIFO, LIFO, and weighted average cost, along with production costing methods including job costing, standard costing, ABC costing, and process costing. Additionally, it touches on the implementation of a Bill of Materials (BOM).

1. COSTING IN
MANUFACTURING
INDUSTRY
SANKALP PANDA (55)

2. DETERMINING COSTING IN
MANUFACTURING INDUSTRY
I. Inventory
1. FIFO
2. LIFO
3. Avg. or Weightage avg. cost
II. Implementation of BOM
III.Production Costing
MAJOR PRODUCTION COSTING
APPROACH
• JOB COSTING
• STANDARD COSTING
• ABC COSTING
• PROCESS COSTING

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