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Raw materials inventory, beginning + Raw materials purchases - Raw materials inventory, ending = Raw materials used in production - Indirect materials used - Direct

Raw materials inventory, beginning + Raw materials purchases - Raw materials inventory, ending = Raw materials used in production - Indirect materials used - Direct
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materials used
Direct materials used + Direct labor + Applied manufacturing overhead - Total manufacturing cost
Work in process inventory, beginning + Total manufacturing costs - Work in process inventory, ending - Cost of goods manufactured
Finished goods inventory, beginning + Cost of goods manufactured - Finished goods inventory, ending = Unadjusted cost of goods sold +/- Under/Overapplied manufacturing
overhead = Adjusted cost of goods sold
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