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After reading Chapter 3 and feviewing the online videos, you should have a good understarding of the various approaches and tools necessary too muute prepare
After reading Chapter 3 and feviewing the online videos, you should have a good understarding of the various approaches and tools necessary too muute prepare schedules lor deect materials placed in production, cost of goods manufactured and cost of goods sold The book e roses and the w eos give you three "mwh ds"to compute and work problems to calculate these figares. The first is simply by way of a formula ebeginning finished goods+ cost of goods manufactured-ending finished goods-cost of goods sold). The second was by visualiring the flow of goods throughout the varkous T accounts for Raw Materias, Work in Process, and Finished Goods. The thied was to prepare journal entries in ceder to compute each of these amounts, which is similar to the approach of the T-accounts, although perhaps arguably less visual For this discussion, I'd like you to tell me which method you prefer of the theee discussed above to perform caloulations for direct materials placed in production, cost of goods manufactured and cost of goods sold. For example, which is more inturitive and why? instead, is there some combinution of methods that makes more sense to you? hire Z X C V B N M After reading Chapter 3 and feviewing the online videos, you should have a good understarding of the various approaches and tools necessary too muute prepare schedules lor deect materials placed in production, cost of goods manufactured and cost of goods sold The book e roses and the w eos give you three "mwh ds"to compute and work problems to calculate these figares. The first is simply by way of a formula ebeginning finished goods+ cost of goods manufactured-ending finished goods-cost of goods sold). The second was by visualiring the flow of goods throughout the varkous T accounts for Raw Materias, Work in Process, and Finished Goods. The thied was to prepare journal entries in ceder to compute each of these amounts, which is similar to the approach of the T-accounts, although perhaps arguably less visual For this discussion, I'd like you to tell me which method you prefer of the theee discussed above to perform caloulations for direct materials placed in production, cost of goods manufactured and cost of goods sold. For example, which is more inturitive and why? instead, is there some combinution of methods that makes more sense to you? hire Z X C V B N M
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