Accounting - Accounting Writing assignment To: Chief...

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Accounting 26/02/2008 15:31:00 Writing assignment To: Chief Financial Officer From: Blake Best Concerning: Allocating overhead POHR=estimated OH/estimated Base=OH/DL cost=10500/2100=50% Process flow for manufacturing Materials (inventory)   Goods in Process inventory o + Beginning Inventory o + Purchases o – transfers out o ----------------- o ending inventory Goods in Process Iventory   Finished Goods Inventory o + Direct materials o + Direct labor o + Overhead Rent etc. Overhead   Goods in Process inventory o Indirect o Rent o Etc. Labor   Goods in Process o Direct Labor
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Finished Goods Inventory o + Cost of goods manufactured o – Cost of Goods sold Equivalent Units used to figure out what the cost of goods manufactured Find the cost of the goods manufactured 4 Steps: o Figure out the physical flow of  units  thru Goods in Process inventory 
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This note was uploaded on 04/15/2008 for the course ACCT 2302 taught by Professor Bobbiemartindale during the Spring '08 term at Dallas Baptist.

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Accounting - Accounting Writing assignment To: Chief...

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