Describe types of manufacturing costs and inventories
Assess different manufacturing costing systems
If you work for a manufacturing business, these concepts will be critical for you to understand. This week's discussion focuses on the types of manufacturing costs and inventories, as well as the different types of costing systems.
Please respond to all of the following prompts in the class discussion section of your online course:
In your opinion, why is accounting for a manufacturing business more complicated than accounting for a merchandising business?
Provide three examples each of materials, labor costs, and factory overhead.
Which type of manufacturing costing system would you implement? Why?