1. Direct Labor + Factory Overhead = 2. Raw Materials Inventory, beg. + Purchases - Freight in = 3. Direct Materials + Direct Labor + Factory Overhead = 4. Raw Materials Available for Use - Raw Materials Inv., end = 5. Sales - Cost of Goods Sold = 6. Gross Profit - Expenses = 7. Direct Materials + Direct Labor = 8. WIP, beg. + Manufacturing Costs = 9. FG, beg. + Cost of Goods Manufactured = 10. Goods Placed in Process WIP, end =
1. Direct Labor + Factory Overhead = 2. Raw Materials Inventory, beg. + Purchases - Freight in = 3. Direct Materials + Direct Labor + Factory Overhead = 4. Raw Materials Available for Use - Raw Materials Inv., end = 5. Sales - Cost of Goods Sold = 6. Gross Profit - Expenses = 7. Direct Materials + Direct Labor = 8. WIP, beg. + Manufacturing Costs = 9. FG, beg. + Cost of Goods Manufactured = 10. Goods Placed in Process WIP, end =
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter15: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 5PB: Statement of cost of goods manufactured and income statement for a manufacturing company The...
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