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All main topics / Accounting / Accounting II / ACCT Test 1
7
How do you find COGM, COGS, and Gross Profit?  (An Intimidating Schedule)
Raw Materials
+Purchased
+BI
-EI           
Raw Materials Used (direct and indirect)

Direct Materials Used
+Direct Labor
+MOH    
Total Manufacturing Costs
WIP
+BI
-EI          
COGM
Finished Goods
+BI
-EI          
COGS

GP= Sales -COGS
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Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: Accounting II
School / Univ.: UGA
City: Athens
Published: 06.07.2010

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