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Unformatted text preview: COGS BALANCE SHEET FG Inventory COGM FLOW OF INVENTORY COSTS Purchase Raw Materials RM Inventory ACQUISITION Manufacturer DM (RM) Inventory DR CR (Mtl Used) Purchase Raw Materials Direct Labor Incurred Factory Overhead Incurred CR (COGS) DR (MOH) CR (COGM) DR (COGM) WIP Inventory DR (Mtl) DR (DL) FLOW OF INVENTORY COSTS BALANCE SHEET INCOME STATEMENT DR (COGS) COGS FG Inventory See Exhibit 2-16 in your text – pg 67...
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- Spring '11
- Balance Sheet, Merchandiser, inventory costs