Lesson 3 Discussions Using the Internet, locate the most recent financial report for a Manufacturing Company of your choice. The company that you select to choose must be a manufacturing company! In your post, briefly describe your chosen company and list the types of inventory(ies) it lists in its Balance Sheet. Speculate as to whether your chosen company uses process, job order, or activity based costing, explain your reasoning. Additionally, using your company's Balance Sheet and Income Statement (and possibly the Notes to the financials), calculate the Cost of Goods Manufactured (COGM) for the most recent year. Hint: To calculate the COGM, try this: Finished goods Ending +COGS -Finished goods Beginning = COGM

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investemtn Opportunity
Section: Chapter Questions
Problem 3CQ
icon
Related questions
Question

M2.

 

Table of Contents Lesson 3 Lesson 3 Discussions
Lesson 3 Discussions ~
V
Using the Internet, locate the most recent financial report for a Manufacturing
Company of your choice. The company that you select to choose must be a
manufacturing company!
In your post, briefly describe your chosen company and list the types of
inventory(ies) it lists in its Balance Sheet. Speculate as to whether your chosen
company uses process, job order, or activity based costing, explain your reasoning.
Additionally, using your company's Balance Sheet and Income Statement (and
possibly the Notes to the financials), calculate the Cost of Goods Manufactured
(COGM) for the most recent year.
Hint: To calculate the COGM, try this:
Finished goods Ending
+COGS
-Finished goods Beginning
= COGM
Transcribed Image Text:Table of Contents Lesson 3 Lesson 3 Discussions Lesson 3 Discussions ~ V Using the Internet, locate the most recent financial report for a Manufacturing Company of your choice. The company that you select to choose must be a manufacturing company! In your post, briefly describe your chosen company and list the types of inventory(ies) it lists in its Balance Sheet. Speculate as to whether your chosen company uses process, job order, or activity based costing, explain your reasoning. Additionally, using your company's Balance Sheet and Income Statement (and possibly the Notes to the financials), calculate the Cost of Goods Manufactured (COGM) for the most recent year. Hint: To calculate the COGM, try this: Finished goods Ending +COGS -Finished goods Beginning = COGM
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Total Cost
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning