EXERCISE 2-12 (30 MINUTES)

2. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH02 COST TERMS CONCEPT AND CLASSIFICATIONS
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH02 COST TERMS CONCEPT AND CLASSIFICATIONS

2. Raw Materials Inventory—balance sheet

Work in Process Inventory—balance sheet

Finished Goods Inventory—balance sheet

Cost of Goods Sold—income statement

Selling Expense—income statement