FINC 577 Chapter 1 Notes Outline

FINC 577 Chapter 1 Notes Outline

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Unformatted text preview: omponents of the COGM schedule Inventories Ending Raw Materials Materials $9,000 $13,100 Work in Process Chapter 1-27 Beginning $5,000 $7,000 Finished Goods $9,000 $6,000 Example 2 ColorColor-coded components of the COGM schedule Raw Material Purchases $54,000 Direct Labor $57,000 Indirect Labor Factory Insurance $4,000 Machinery Depreciation Depreciation $4,000 Machinery Repairs $1,800 Factory Utilities $3,100 Miscellaneous Factory Costs Chapter 1-28 $5,500 $1,500 Example 2 Chapter 1-29 Example 2 ColorColor-coded components of the ending inventories section of the balance sheet Inventories Ending Raw Materials Materials $9,000 $13,100 Work in Process Chapter 1-30 Beginning $5,000 $7,000 Finished Goods $9,000 $6,000 Example 2 Chapter 1-31...
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This document was uploaded on 01/19/2014.

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