Homework SourseWrite the formula for the following Cost of good sold for a
Write the formula for the following :
Cost of good sold for a retailer
Cost of good sold for a manufacturer
Cost of goods manufactured
Cost of direct materials used
Write the formula for the following :
Cost of good sold for a retailer
Cost of good sold for a manufacturer
Cost of goods manufactured
Cost of direct materials used
Write the formula for the following :
Cost of good sold for a retailer
Cost of good sold for a manufacturer
Cost of goods manufactured
Cost of direct materials used
Cost of good sold for a retailer
Cost of good sold for a manufacturer
Cost of goods manufactured
Cost of direct materials used
Solution
Cost of good sold for a retailer
=Beginning Inventory+New purchases-Ending inventory
Cost of good sold for a manufacturer
=Beginning Finished Goods Inventory + Cost of Goods Manufactured – Ending Finished Goods Inventory
Cost of goods manufactured
=Direct materials used + direct labor used + manufacturing overhead assigned +beginning work-in-process inventory - ending work-in-process inventory
Cost of direct materials used
=Openning Stock of Direct material + Direct Material Purchased-Ending Stock of Direct material
