Question
1. Know the following terms and understand how they are used. If applicable, know examples of each term a. Period costs b. Product costs
1. Know the following terms and understand how they are used. If applicable, know examples of each term a. Period costs b. Product costs c. Direct Cost d. Indirect Costs e. Prime Costs f. Conversion Costs 2. Know how to prepare the cost of goods manufactured statement. Know how to calculate the numbers within the statement for example, materials used, cost of goods manufactured, etc. 3. Differentiate between managerial and financial accounting
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
