Business Administration 2257 Study Guide - Midterm Guide: Net Lease, Finance Lease, Preferred Stock

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Cofgm (find how many items were made during fiscal period then divide cogafs by this) Cogs (calculated using weighted average) prm = raw materials (given) pdl = direct labor (given) pfoh = partial proxy/ total proxy * total. Look for term (spread evenly = proxy) Wip (if previous cash disbursement) 100: allocate new wages payable to wip. 150: for dl take disbursement and subtract everything that is not dl (including foh for salaries and first wages payable) **when doing inventory, if it says physical inventory count then add things in transit** Patent amortization = wip (take bv /[total length of patent. Copyrights and trademarks are allocated to amortization exp. Specific identification: value everything at their unique market value price. Fifo: oldest inventory is sold first and e/b is valued at most recent price (if you have a whole order, then you take the full amount owing and half orders you treat like weighted averages)