COST ACCOUNTING

EXERCISES AND PROBLEMS ON COST CONCEPTS

and ITS BEHAVIOR
SESSION 3

MARVIN S. MARIANO
MARVIN S. MARIANO
MARVIN S. MARIANO
COST ACCOUNTING
PRACTICAL PROBLEMS
SESSION 4

MARVIN S. MARIANO
MARVIN S. MARIANO
 COST ACCOUNTING
COST OF GOODS SOLD COMPUTATIONS
SESSION 4
BEGINNING INVENTORY X
SALES X
+ PURCHASES X
- COST OF GOODS SOLD (X)
= COST OF GOODS AVAILABLE X
FOR SALE = OPERATING INCOME X
- ENDING INVENTORY (X)
- EXPENSES (X)
= COST OF GOODS SOLD X
= NET INCOME X

MARVIN S. MARIANO
BEGINNING WIP INVENTORY XX
+RAW MATERIALS X
+DIRECT LABOR X
+FACTORY OVERHEAD X XX
- ENDING INVENTORY (XX)
=COST OF GOODS MANUFACTURED XXX
+BEGINNING FINISHED GOODS INVENTORY XX
-ENDING FINISHED GOODS INVENTORY (XX)
=COST OF GOODS SOLD XXX

MARVIN S. MARIANO
MARVIN S. MARIANO
MARVIN S. MARIANO
MARVIN S. MARIANO