Harvested crop

A harvested crop is an agricultural product that has been gathered but not yet sold to a third party. Some costs associated with growing crops are not incurred until after the harvest, perhaps not until the next year. For example, there may be a residue of harvested crops in the fields that is not cleared until the start of the next growing season. These costs should be accrued and allocated to the harvested crop.

Related Courses

Agricultural Accounting