chapter7 inventories cost measurementand flow assumptions（第7章库存成本measurementand流假设）.docVIP

Chapter 7 Inventories: Cost Measurement and Flow Assumptions Classifications of Inventory Raw Materials Inventory – includes the tangible goods acquired for direct use in the productions process. Goods in Process Inventory – includes the products that have been started in the manufacturing process but have not yet been completed. The partially completed inventory includes three cost components: raw materials direct labor, which is the cost of the labor used directly in the manufacture of the product, and manufacturing (or factory) overhead, which includes the costs other than raw ma