Lecture
Accounting Basics: Manufacturing Operations
Description
This lecture covers the basics of accounting for manufacturing operations, focusing on topics such as inventoriable product costs, direct labor, manufacturing overhead, product costs versus period costs, financial statements for merchandising and manufacturing companies, and the flow of physical goods and manufacturing costs. The instructor explains concepts like depreciation, provision, and adjusting entries, illustrating them with examples and discussing the effects of adjusting entries on financial statements.
Official source
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