财务会计概念与应用英文版Lecture7.pptVIP

* * * * * * * * * * * * * 12 * * * * 110 * * * COPYRIGHT ? 2008 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. * Chapter 7 Inventory Albrecht, Stice, Stice, Swain * Types of Inventory Raw materials Materials purchased for use in manufacturing process. Work in process Partially completed units in production. Finished goods Manufactured products ready for sale. Cost of goods sold Costs incurred to purchase or manufacture the merchandise sold during the period. * Costs Included in Inventory What costs a