MA6 - Schedule of Cost of Goods Manufactured Example - Part 1

Go to: www.accountingworkbook.com/ to download the problems.
Module 2 examines cost terminology, the schedule of cost of goods manufactured, the schedule of cost of goods sold and the income statement. Terminology discussed includes: Direct materials, direct labour, manufacturing overhead, selling costs, administrative costs, variable costs, fixed costs, and mixed costs.

[@juanrojasbonilla3790]

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[@Tony-Bell]

Thank you!!

[@JaiLeafe225]

I'm taking the class right now and your videos are very helpful at clearing up the things I'm unsure about. Thank you!

[@heatherpratt9774]

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[@DreamFirms]

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[@radionwrx389]

Thank you for your job. Its really helpfull and easy for understanding.

[@Winnie-fs4gi]

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[@BB-ux5wd]

Thank you for this video. You really helped me a ton.

[@samtemple4011]

Great videos, im a UK resident looking to potentially pursue a CIMA qualification in Management Accounting, is your content and methodologies the same as what i would expect in a UK accounting practice? Also, is your content and methodologies the same as what i would expect in the CIMA syllabus's for Management accounting too? I am very new to this area so i am unsure.
Thanks,
Sam

[@trundlekelly]

My boy, Tony Beeeeezzzzy!!!

[@jvg584]

Thanks Tony!!!!!

[@edanurdiler2791]

Can you explain which type "Packing supplies for shipment" ?

[@KhorMingLiang]

Thank you for saving my final exam 😭

[@noonagrandeur2363]

Sir, i want to ask, is packaging cost part of manufacturing overhead?

[@roseb.5367]

May Accounting love me too, the same way I love it😢... I will continue to study 😂😂😂
Thank you

[@samkab677]

Are there journal entries for these?

[@michellelal9625]

What about indirect labour?

[@odeemena3649]

Life Saver

[@user-gv4td6pm5d]

why didn't you add finished goods in it

[@HD-xh3fk]

Hi, if we hire accountant to take care the billing and purchasing for materials, is that considered admin cost ?

[@Tony-Bell]

Yup! Should be admin.

[@noonagrandeur2363]

@@Tony-Bell Sir, is packaging cost part of manufacturing overhead?

[@fabioverita7862]

Tony you said I could put away my calculator in the first lecture what are you doing?

[@Tony-Bell]

Haha - that was ONLY for the first lecture! After that, calculators are needed!!

[@carlandreicoderias5286]

Where my Classmates at?

[@gannondrums2741]

Godsend

[@uranuskarimi3007]

It is not visible

[@Theperspectiveplus]

Inventory of raw material 2025? How's that possible at January 2025

[@MementoMori1001]

Those are the excess of the previous year work in process balance. Example you forwarded 100 buns from your warehouse to your burger station but at the end of the year there's 20 unused buns which are considered the ending material inventory of 2024 which is the beginning material inventory of 2025

[@trundlekelly]

Tony Bell Head! ❤😂

[@trundlekelly]

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