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Unformatted text preview: • Product costs = • Period costs = 3) Cost of Goods Manufactured (COGM) • A schedule detailing all product costs incurred during a certain period of time a) Structure of the schedule – 2 groups of 3 • 3 types of product costs = • 3 types of inventory = o Only use the first 2 on this schedule b) An example… 4) Cost of Goods Sold (COGS) • A schedule of product costs incurred for the units sold during a period of time • COGM plus the change in Finished goods inventory • An example… a6860f608e1b2f47ce60ee046a75ba97b5543e0a.doc PAGE 2 OF 2...
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This note was uploaded on 04/18/2008 for the course ACCTG 250 taught by Professor Rabe during the Spring '08 term at Luther.
- Spring '08
- Decision Making