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    derek10rr3 Posts: 3, Reputation: 1
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    Jan 26, 2011, 10:19 AM
    Cost of Goods Manufactured Statement
    Hello,

    I have this project I am working on as an internship at a CMA firm that specializes in building houses and am unsure about where some of the information given goes on the Cost of Goods Manufactured Statement.

    I have information regarding raw materials (Construction Materials), WIP materials (Buildings unfinished at year end) and Finished Goods (Buildings complete but not yet sold).

    I have also been given another Inventory item, Land Inventory, and I have beginning and year end amounts for this.

    I am not sure where this information fits in as I have already seemingly been given RM, WIP, and FG?

    There is also Land Purchased for 618,000, would this be classified as Indirect Materials?

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