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inventory cost flow - COGS BALANCE SHEET FG Inventory COGM...

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Flow of inventory costs for a merchandising firm : OR INCOME ACQUISITION STATEMENT Merchandiser Merchandise Inventory BALANCE SHEET Purchase COGS FLOW OF INVENTORY COSTS ACQUISITION Merchandiser Purchase Merchandise Inventory FLOW OF INVENTORY COSTS BALANCE SHEET INCOME STATEMENT DR (COGS) DR (Purch) CR (COGS) COGS
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Flow of inventory costs for a manufacturing firm : OR INCOME ACQUISITION STATEMENT Manufacturer Direct Labor Incurred Factory Overhead Incurred WIP Inventory
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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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