The moment inventory becomes an actual cost on company's financial statement.
Related information about split-off point:
- What is split off point? definition and meaning
Definition of split off point: Juncture in a production process where the product stream splits into two or more distinct products which become identifiable as joint ...
- What is a split-off point
Answer. In by-product industry like sugar in the process of producing one main product sometimes you get one another product as by-product which you can use ...
- Split-Off Point Definition - AccountingTools
Definition: The split-off point is the point in a production process where jointly manufactured products are henceforth manufactured separately; thus, their costs ...
- CHAPTER 18: JOINT PRODUCTS
Split-off point: At this stage, the joint products acquire separate identities. Costs incurred prior to this point are common costs, and any costs incurred after this ...
- SPLIT-OFF POINT DEFINITION
SPLIT-OFF POINT is the stage in the production process at which joint products become identified as distinct products which can be sold or processed further; ...
- Split-off point - Wikipedia, the free encyclopedia
Unsourced material may be challenged and removed. (October 2012). In the context of production, a split-off point is the point at which joint products appear in ...
- split-off point definition | AccountingCoach.com
The point at which several products emerge from a common process.
- Accounting 202 Home
D) decisions to process joint products beyond the split-off point. ... When deciding whether to sell a product at the split-off point or process it further, joint costs are ...