2.NMITUNITTWOMaterials2….pptVIP

Materials Rember there are both Direct and Indirect Materials: Direct materials: major part and often major cost of product, can be identified with a specific product Indirect materials:minor part and often minor cost of product, often cant be identified with a specific product Manufacturing: Important Transactions REMEMBER: Materials Transactions First In First Out example p. 33 Weighted Average example p.33 REMEMBER: Materials Transactions Stock Card - Material A (FIFO) Stock Card - Material A (FIFO) Stock Card - Material A (FIFO) Stock Card - Material A (FIFO) Stock Card - Material A (FIFO