Hi Ajay and Venkata,
Thanks a lot for your time taken to reply to my question. I really appreciate that. It explains it all that if we want a prudent cost management then that's the way forward, however i can't resist from thinking about a crazy question as follows :-
If we have to capitalize as much cost as possible to the COGM then why not we also capitalize all the selling and admin costs even up to the directors fees and income tax costs as well so that i get a complete COGM? Why these other P&L costs are not supposed to become part of the COGM?