Unformatted text preview: Chapter 2 - Flow fo Costs I. Inventory Work in Process Inventory (Asset) , , Materials Materials Materials
(Asset) Labor Labor Completed Units Overhead Overhead Finished Goods Inventory (Asset) Completed Units Materials Materials
Cost of Goods Sold
Costs * Markup You now see the value of correct costs as unit sales price is nothing more than cost times some markup. 3a ...
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- Spring '14
- Cost Accounting, Units Materials Materials, Flow fo Costs, I. Inventory Work