sep 3 busi 101 note - 83 30/2010 Monday BUSI 101...

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8 3 30/2010 Monday BUSI 101 Inventories= Finished goods+Work in Process+Raw Materials (Work in Process 3 ending work in process 3 raw materials 3 ending raw materials) Period Cost: Depreciation on delivery, sales salaries, repairs office equipment , office supplies use, advertising salary of plant manager 3 factory overhead BUSI 101 9/1/2010 Wednesday Ex. Total Manufacturing Cost=600 Finished Goods Increased 40 Work In Process Decreased 50 What is the Cost of Good Manufactured? (620) What is the Cost of Good Sold? (580) note: 3 Total Manufacturing Cost 3 Cost of Good Manufactured , i D Cost of Good Manufactured 3 Cost of Good Sold 3 Chapter 2 Chapter 3 Job Order Costing VS. Process Costing Tailor-made or unique goods Continuous mass production or line units Small Bread of denomination Large bread of denomination actual costing system(Chapter 1) normal system system(Chapter 2) Actual DM Actual DM Actual DL Actual DL Actual FOHD Applied FOHD More Accurate More timely standard costing system(Chapter 7) Standard DM Standard DL Standard FOHD
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