Unformatted text preview: -prime cost- dm, dl-conversion costs- dm, ovrhd, dl-period costs- expensed in period incurred-inventory is asset until sold-selling costs- marketing, distribution, product service-admin- research and development, general administration, accounting, legal-purchases does NOT equal materials used Beginning inventory +purchases-ending inventory =materials used-work in process- partially completed good still on factory floor at end of period...
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This note was uploaded on 05/04/2011 for the course ACCOUNTING 2102 taught by Professor Wurst during the Spring '11 term at Temple.
- Spring '11
- Managerial Accounting