VAGBAYANI, RHER mae G, BsR I-4 Chapter 3 Gost RECOUNTING CYCLE ACCOUNTING CYCLE Andlyzahion oy events Ccource documents) During the Record the transaction (tbumalizing) Accounting period vy Post to, eal Leager. ‘unadjustga Arial. Balance, Tournalize. oe the Adjucting fntrits Aguted. tria\ Balance, incor claketreat ead Treparation pF Financial ctotements saoment op enc WG Z ‘Stokement Tourmaline obd Fost the Cosig Enries— Sen in Post- Casi, Trial Balance. > Real. tecounts at the start of the, - - ; Succeeding, period = Tour holize. ond. Post the. Reversing Bhinieg 1 Optional make. the book Keepin, Procece cancctenh DINVENTORIES D In the for of Materials to be Used in the manupachring process ( a) > Hems that ar currently in the process oF produchon (SWeERsinsPrOesetinvenFory) items that completed she production peese and/or held for cole CMEDSEBESS ) COMPARISON OF INVENTORY SYSTEM BasIS FOR COMPARISON Meaning Bn inventory Ing-tad_of beginning. .merch. inventory. (for mehandting)_ tt wi become. beginning. ‘piniched_gonds ‘inventory. .Cfor, manupachring). a gic ht ama STATEMENT OF Cost OF G@bODS MANUFACIVRED AND SOLD Sth ic prepared te Purdnace¢ Total Goods .tvaldole. For Production Lecs: Ravy Materials Inventory, 2nd indirect Materiale (iscven) Raw. Materials Ustd (Direc maierials. only) Add. Direch Labor —— Factory Overhead Applied total Manufacturing. Coct Add: Work in Procece Inventory, Brg. total Goods Put into. Process 26c. Work In Procrse Inventory, pad Cost of Goode Manu Fachired hdd: fink Tofal...Goodc Available. for Sale. Lese: Hinichn Cost bp Goode Sold