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March 18, 2026The Accounting Review

An Analysis of Current Theory and Practice Regarding the Elements of Cost Included in Inventory by Manufacturers.

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Authors

JSJames S. SchindlerBuffalo State University

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Implication

This analysis examines cost elements in inventory among manufacturers, indicating a need for uniform accounting practices.

Key Points

  • The study aims to evaluate the alignment of traditional accounting theory with manufacturing practices concerning inventory costs.
  • Reviewed current theories and practices regarding inventory costs in manufacturing
  • Examined hypotheses on traditional theory's effectiveness
  • Analyzed compliance of manufacturing companies with traditional accounting practices
  • Found discrepancies between traditional cost accounting theory and actual practices
  • Identified specific areas where manufacturers deviate from including certain costs in inventory
  • Established a need for improved uniformity in inventory cost reporting across industries

Cite This Study

James S. Schindler (1959) studied this question.

synapsesocial.com/papers/69ba43b64e9516ffd37a52e9https://doi.org/10.2308/tar-7059548
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1THE INVENTORY CHALLENGE.1951
  2. 2NEW COST ACCOUNTING CONCEPTS.1958
  3. 3PRICE LEVEL ADJUSTMENTS AND INVENTORY FLOW ASSUMPTIONS.1965
  4. 4ACCOUNTING TREATMENT OF INVENTORY AND ITS IMPACT ON COMMERCIAL ENTERPRISES2025
  5. 5THEORIES OF COST.1936