ACTG 2010 Lecture 1: ACTG2010 - Chapter 7
Document Summary
Prescription and non-prescription drugs, cosmetics, toiletries, food items. Photocopy paper, exam booklets, stationary, textbooks in the bookstore, food for cafeteria, clothing items for sale with the university logo. Auto parts, partially finished cars (work-in-progress), finished cars. Cola in various stagesof production, raw materials including flavouring, corn syrup and aspartame. Hamburger patties, french fries etc. , packaging materials, napkins. Raw materials include computer parts; work-in-process would include computers that are partially assembled; and finished goods would be comprised of fully assembled computers that are ready for sale. Raw materials include potatoes, cooking oil, and packaging;work-in-processis cutfries that are being prepared but haven"t been cooked, and finished goods are fries that are packaged and ready to be sold. Raw materials includes lumber, glue and screws, fabric, and paint; work in process includes partially created furniture, and finished goods would include furniture that is fully built and ready for sale.
