Ch. 7 - Costing - Methods

Question 1

Cost of Goods Manufactured Calculation:

Answer 1

\+ Opening WIP
\+ DM used
\+ DL used
\+ OH applied
- Ending WIP

Question 2

Cost of Goods Sold Calculation:

Answer 2

+ Opening finished goods
+ COGM
- Ending finished goods

Question 3

DM used calculation:

Answer 3

+ opening DM
- ending DM
+ purchased DM