48 CFR 9904.411-20 - Purpose.
(a) The purpose of this Cost Accounting Standard is to provide criteria for the accounting for acquisition costs of material. The Standard includes provisions on the use of inventory costing methods. Consistent application of this Standard will improve the measurement and assignment of costs to cost objectives.
(b) This Cost Accounting Standard does not cover accounting for the acquisition costs of tangible capital assets nor accountability for Government-furnished materials.
[57 FR 14153, Apr. 17, 1992; 57 FR 34167, Aug. 3, 1992]
Title 48 published on 2013-10-01
no entries appear in the Federal Register after this date.