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Final adjustments to inventory - Cost of Sales

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Undergraduate IFA Flashcards on Final adjustments to inventory - Cost of Sales , created by Ugne Pa on 26/03/2014.
Ugne Pa
Flashcards by Ugne Pa, updated more than 1 year ago
Ugne Pa
Created by Ugne Pa over 10 years ago
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COST OF SALES OPENING BALANCE OF MATERIALS, FINISHED GOODS & WORK IN PROGRESS • PLUS PURCHASES OF MATERIALS & OTHER INPUTS INTO THE PRODUCTION PROCESS • LESS CLOSING BALANCE OF MATERIALS, FINISHED GOODS & WORK IN PROGRESS WHICH ARE STILL IN STOCK AT THE YEAR END
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