Chapter 2 Traditional Cost Flow Diagram

Chapter 2 Traditional Cost Flow Diagram - Advertising...

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Cost Flow in a Traditional Cost Accounting System Balance Sheet (Assets) Income Statement Costs Raw Materials Work in Process Finished Goods Raw Materials Materials WIP Finished Goods Cost of Goods Sold Direct Material Manufacturing Overhead Factory Rent Indirect Material Manufacturing Factory Utilities Overhead Factory Prop. Taxes Other Overhead Factory Insurance Costs Direct Labor Factory Depreciation Factory Wages Selling and Administrative Expenses Office Salaries Office Supplies
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Unformatted text preview: Advertising Office Rent Office Utilities Office Prop. Taxes Office Insurance Office Depreciation Indirect Labor (e.g. Supervisor Salaries) Inventory T Accounts Raw Materials Inventory Work-in-process Inventory Finished Goods Inventory Beginning Balance Beginning Balance Beginning Balance Additions Purchases Total Mfg. Cost CoGM Withdrawals Dir. & Indir. Mat. CoGM CoGS Ending Balance Ending Balance Ending Balance...
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This note was uploaded on 10/20/2011 for the course ACC 222 taught by Professor Brewer during the Spring '08 term at Miami University.

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Chapter 2 Traditional Cost Flow Diagram - Advertising...

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