UT Knoxville ACCT 200 - Chapter 10
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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 Inventoryassetse. Work in Process Inventoryassetsf. Finished Goods Inventoryassetsg. Cost of Goods Soldthe 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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