Topic:

What are the 3 categories of manufacturing costs included in the cost of finished goods and the cost of work in process?  Discuss what financial statements would be impacted by the accounts referenced and whether assets, liabilities, equity, net income/(loss) would be affected.

What to do:

Review the cost components of finished goods and WIP including the financial statements they are associated with.

Discussion Directions:

After you type your initial post, then read through the other entries and reply directly to one classmate by SUNDAY evening at 11:59 pm. When you reply, ALWAYS type the name of the classmate you are responding to, and your name at the bottom of the message. Make sure to use professional grammar and punctuation in this college level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.

Summary:
Post by SUNDAY evening at 11:59 pm
Respond to 1 classmate by SUNDAY evening at 11:59pm