In Class Assignment Instructions: Job Order Costing in Manufacturing

Industries

Objective:

In this assignment, students will explore how job order costing is applied in real$-$

world manufacturing industries. This will help you understand the role of cost

accounting in financial reporting.

Instructions:

$1.$ Group Formation:

You will be divided into groups, and each group will select any

manufacturing company that is likely to use job order costing $($e$.$g$.,$

automotive, furniture, or aerospace manufacturing$).$

$2.$ Company Research:

Each group must locate the most recent $10-$K report for one the company

selected. You can find the $10-$K report either on the company$$s website or

through the SEC$$s EDGAR database $($www$.$sec$.$gov$).$

$3.$ Financial Statement Analysis:

Review the company's balance sheet and income statement. As a group,

identify which line items on these statements were likely calculated by the

company$$s cost accountants. Focus on those related to job order costing,

including inventory and cost of goods sold.

$4.$ Cost Classification:

Report the dollar amount for each of the following costs reported in the

company$$s $10-$K$.$

o Raw Materials inventory

o Work in Process inventory

o Finished Goods inventory