ACCT 200 Outline of Last Lecture I. RemindersII. Exam exampleIII. Gross ProfitIV. Homework 4-12V. Homework 4-15VI. Homework 4-20VII. Homework 4-18Outline of Current Lecture I. Manufacturing BusinessesII. Chapter 10 DiagramCurrent LectureI. Manufacturing Businessesa. DM—direct materialsb. DL—direct laborc. FOH—factory overheadd. Raw Materials Inventoryassetse. Work in Process Inventoryassetsf. Finished Goods Inventoryassetsg. Cost of Goods Soldthe selling of the finished goodII. Chapter 10 DiagramDirect Materials Direct Labor Applied Factory OverheadThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.asset Work In Process (manufacturing costs)asset Finished Goods (manufactured costs)I/S Cost of goods sold expense*applied factory overhead = indirect materials, indirect labor, other factory
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