Never stop talking " STOP the Gaza Genocide "
  • Lesson.No : 14
  • 00:06:20

  • Work in Process (WIP) Inventory

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Course Lessons

  1. 1- Basic Cost Concepts...with a touch of humor Managerial Accounting
  2. 2- Cost Objects
  3. 3- Direct vs. Indirect Costs
  4. 4- Product Costs in Manufacturing (aka Inventoriable Costs)
  5. 5- Period Costs
  6. 6- Product vs. Period Cost
  7. 7- 3 Types of Manufacturing Costs (Direct Materials, Direct Labor, Manufacturing Overhead)
  8. 8- Direct Materials (Managerial Acccounting)
  9. 9- Direct Labor (Managerial Accounting)
  10. 10- Manufacturing Overhead
  11. 11- Prime Costs and Conversion Costs
  12. 12- 3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
  13. 13- Raw Materials Inventory
  14. 14- Work in Process (WIP) Inventory
  15. 15- Finished Goods Inventory
  16. 16- The Flow of Costs for a Manufacturer
  17. 17- Nonmanufacturing Costs (SG&A Expense)
  18. 18- Cost of Goods Manufactured (COGM)
  19. 19- Opportunity Cost
  20. 20- Cost of Goods Sold (COGS) for a Manufacturing Firm
  21. 21- Journal Entry for Cost of Goods Sold
  22. 22- Cost of Revenue
  23. 23- Sunk Costs
  24. 24- Variable Costs
  25. 25- Fixed Costs
  26. 26- The Relevant Range (Managerial Accounting)
  27. 27- Cost Drivers