Calculating and Using Self-Cost of Agricultural Products

The article is devoted to the substantiation of the methodological principles of cost accounting and calculation of the self-cost of agricultural products consistent with the existing regulations. Nine kinds of the self-cost of products are characterized, and the analysis of the methodical principles of their formation is performed. Situations are described that occur in practical activities of entities and cause difficulties with the assessment of production costs incurred and the calculation of the self-cost of products. The expediency of the evaluation by sales prices in respect of products, which could be sold, but were used for the internal production needs, is proved. It is found that in the case of evaluation of own products used in the production by the market price, there is a new type of the self-cost, which the author proposes to call the ‘commercial self-cost’. It is proved that in order to maintain the consistency principle of accounting policies, it is advisable to choose one method for estimating products that come from the plant. A benchmark for the type selection in this case is the most common channel of using products. The sequence of procedures for calculating the self- cost of crop production is proposed.