Comprehensive Study suggestions Given: • Sales • Raw materials inventory, beginning • Raw materials inventory, ending • Purchases of raw materials • Direct labor • Manufacturing overhead • Administrative • Selling expenses • Work in process inventory, beginning • Work in process inventory, ending • Finished goods inventory, beginning • Finished goods inventory, ending Calculate • Cost of raw materials used in production • Cost of goods manufactured • Cost of goods sold ===== How do you record Manufacturing Overhead? What does a credit or debit in the MOH account at the end of the period mean? If a company uses a predetermined OH rate, be able to calculate applied overhead, and determine whether the overhead is underapplied or overapplied, and by how much. Calculate Gross Margin
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