The cost of the product is one of the most important points of concern to the owners of the factories because of its great importance in the pricing of the final product and the determination of the profit margin. In a highly competitive market, every manufacturer must strive to determine the cost of his products.
Monitoring and production of the most important elements of the success of the industrial system, but may be the most important to enable the accounting system to follow all reports and monitor the extent of the discipline of the manufacturing process, and try any deviation from the plan for production
The garment industry is one of the most widespread industries in Egypt. The manufacture of mulibas is a labor-intensive industry, so every factory owner is concerned with the production management and organization of the production in a way that achieves the appropriate production. .
In order to inventory, determine what is available and what has already been sold and determine the cost of the goods sold, there are two inventory inventory systems: the periodic inventory system and the continuous inventory system. The accounting treatment of the operations of the goods varies according to the system on which the entity relies on the stock inventory and the cost of the goods sold.