job order costing


  • product cost - direct materials, direct labor , manufacturing overhead 
  • period cost - selling costs and administrative costs 
  • inventory= balance sheet when a sale happens cost of good sold goes to income statement 
  • Purchase RM
    • raw materials Inv. 
    • accounts payable                  
  • salary incur 
    • factory labor 
    • wages payable 
  • MOH Incur 
    • manufactoring OHD
    • utilities payable 
    • accounts payable 
  • use RM 
    • WIP Inventory 
    • Manufactoring overhead 
    • raw materials Inventory 
  • Record Labor 
    • WIP inventory 
    • Manufactoring Overhead 
  • Apply MOH 
    • WIP Inventory 
    • Manufactoring OHD 

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