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Thread: which "control account" manufactured products?

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    Platinum Member SilverNodashi's Avatar
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    which "control account" manufactured products?

    Hi,
    Can someone please tell me, which control account (or chart of accounts) does one generally use for in-house manufactured products, sold to clients?
    For example, let's say I built a cupboard, which account would I need to link it to, in an accounting package?

    When buying stock, and reselling it to clients, I use "cost of goods sold", but somehow hit doesn't feel right.

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    Platinum Member SilverNodashi's Avatar
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    Just to clarify, I am referring to the materials being used in the manufacturing process, i.e. metal, welding rods, paint, cutting disks, etc.

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    Site Caretaker Dave A's Avatar
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    So they're Consumable Materials - still part of the cost of goods sold.

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    Platinum Member SilverNodashi's Avatar
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    Quote Originally Posted by Dave A View Post
    So they're Consumable Materials - still part of the cost of goods sold.
    great, thank you!
    And stuff like welding rods / angle grinder disks / paint / etc, which is generally being used up during the building process?

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