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  • Mar 16, 2009, 10:09 PM
    ShanJ
    Cost of goods manufactured
    I am having issues figuring out what is a part of the manufacturing overhead.

    Raw material is $50,000 (Jan 1) and 35,000 (Dec 31), Work in process is $130,000 (Jan 1) and 170,000 (Dec 31) and Finished goods is 280,000 (Jan 1) and 255,000 (Dec 31). Raw materials is $100,000, $340,000 Direct labor. Manuf. Overhead is $450,000; sales $1,560,000; selling and admin expenses $90,000; income tax of 30%.

    I get a little lost at this point.
  • Mar 17, 2009, 01:17 AM
    satyakhohal

    What is WIP accounting procedure
  • Mar 17, 2009, 01:22 AM
    satyakhohal

    What is difference between cost accounting & General accounting

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