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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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This note was uploaded on 09/29/2011 for the course 06A 002 taught by Professor Stuff during the Spring '11 term at University of Iowa.
- Spring '11