Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Inventory - Cost of Conversion |
Direct Labour and allocating manufacturing overhead * does not include administrative overhead or overhead not tied to inventory |
|
|
Cost Flow Choices (3 Types) |
1. FIFO 2. LIFO 3. Weighted Average |
|
|
3 Types of Inventory |
1. Finished Goods 2. Manufacturing Inventory A) Raw B) WIP *adjustments made for over and under-allocations |
