Cost of Goods Manufactured is equal to Direct Materials Used + Direct Labor Used + Manufacturing Overhead Applied + Beginning Work-In-Process Inventory – Ending Work-In-Process Inventory. Therefore, ending work-in-process inventory, cost of raw materials used and applied manufacturing overhead would all appear on a projected schedule of cost of goods manufactured. Beginning finished goods inventory would not appear on a projected schedule of cost of goods manufactured.
Cost of Goods Manufactured is equal to Direct Materials Used + Direct Labor Used + Manufacturing Overhead Applied + Beginning Work-In-Process Inventory – Ending Work-In-Process Inventory. Therefore, ending work-in-process inventory would appear on a projected schedule of cost of goods manufactured.
Cost of Goods Manufactured is equal to Direct Materials Used + Direct Labor Used + Manufacturing Overhead Applied + Beginning Work-In-Process Inventory – Ending Work-In-Process Inventory. Therefore, applied manufacturing overhead would appear on a projected schedule of cost of goods manufactured.
Cost of Goods Manufactured is equal to Direct Materials Used + Direct Labor Used + Manufacturing Overhead Applied + Beginning Work-In-Process Inventory – Ending Work-In-Process Inventory. Therefore, the cost of raw materials used would appear on a projected schedule of cost of goods manufactured.
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