How I can allocate joint cost to multiple SKU’s?
One of my client has 40 SKU’s and he usually import his products from China or Pakistan and in One Container he usually receive more than one product / SKU, He asked me to allocate the total cost to all of the SKU’s received in one container. In this case what would be the best criteria / procedure to allocate joint cost to multiple SKU’s or products?
Is there any defined criteria available as per IRS?
Or we can just simply calculate the cost on the basis of most suitable measure i.e. weight, volume etc.
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