2302ComprehensiveREVIEW

2302ComprehensiveREVIEW - Comprehensive Study suggestions...

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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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