Lesson 3 Discussions Using the Internet, locate the most recent financial report for a Manufacturing Company of your choice. The company that you select to choose must be a manufacturing company! In your post, briefly describe your chosen company and list the types of inventory(ies) it lists in its Balance Sheet. Speculate as to whether your chosen company uses process, job order, or activity based costing, explain your reasoning. Additionally, using your company's Balance Sheet and Income Statement (and possibly the Notes to the financials), calculate the Cost of Goods Manufactured (COGM) for the most recent year. Hint: To calculate the COGM, try this: Finished goods Ending +COGS -Finished goods Beginning = COGM
Lesson 3 Discussions Using the Internet, locate the most recent financial report for a Manufacturing Company of your choice. The company that you select to choose must be a manufacturing company! In your post, briefly describe your chosen company and list the types of inventory(ies) it lists in its Balance Sheet. Speculate as to whether your chosen company uses process, job order, or activity based costing, explain your reasoning. Additionally, using your company's Balance Sheet and Income Statement (and possibly the Notes to the financials), calculate the Cost of Goods Manufactured (COGM) for the most recent year. Hint: To calculate the COGM, try this: Finished goods Ending +COGS -Finished goods Beginning = COGM
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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