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建立人际资源圈澳洲essay代写：Process the Goods
2017-05-08 来源: 51due教员组 类别: Essay范文
本篇澳洲essay代写讲了公司的处理库存有很大差异。公司根据客户的具体订单，销售预测，预定成品库存水平和经济生产运行情况确定生产的成品物料和数量。单独的生产控制部门通常负责确定生产的类型和数量。本篇澳洲essay代写由51due论文代写机构整理，供大家参考阅读。
Define the business function
Processing inventory varies greatly from company to company. Companies determine the finished goods items and quantities they will produce based on specific orders from customers, sales forecasts, predetermined finished goods inventory levels, and economical production runs. A separate production control department is often responsible for determining the type and quantities to produce.An inventory account that is usually identified on the balance sheets of manufacturing companies. Goods in process relates to the partially completed goods that are somewhere in the manufacturing process and are not ready for sale. It is calculated as:
Goods in process = (operating inventory goods in process + raw materials used during the period + direct labor during the period + factory overhead for period) - ending inventory
Purpose of the business function
Work/Good in process is not worth as much as completed goods, but they are worth more than raw materials because they have incurred some labor and overhead. Changes in the amounts of work in process can be telling. For instance, an increase suggests an uptick in demand for a company's goods (which is almost always a good thing for the company's shareholders, though it may also signal that the company will need capital soon to cope with the growth). In turn, widespread increases in work in process for an industry or entire economic sector may indicate economic growth; likewise, decreases may indicate a pending slowdown.
Name and describe documents records applicable to the above business function
An adequate cost accounting system is an important part of the processing of goods function for all manufacturing companies. The system shows the relative profitability of the products for management planning and control and values inventories for preparing financial statements.
Two primary types of cost systems exist: job cost systems and process cost systems, but there are many variations and combinations of these systems. In a job cost system, costs are accumulated by individual jobs when material is issued and labor costs incurred. In a process cost system, they are accumulated by processes, with unit costs for each process assigned to the products passing through the process.
Cost accounting records consist of master files, spreadsheets, and reports that accumulate material, labor, and overhead costs by job or process as those costs are incurred. When jobs or products are completed, the related costs are transferred.
List financial statements affect by business function and anything unique special you think the class should know
WIP should be the cost of the direct materials, direct labor and the allocation of manufacturing overhead for the goods on the factory floor. As the WIP goods become completely manufactured, their cost will be credited to the WIP account and will be debited to the Finished Goods Inventory account. the cost of a manufacturer's work-in-process inventory in the notes to its financial statements.
All raw materials are transferred to the work WIP account as they are issued from stores. In addition, direct labor costs are transferred from the wages account to the WIP account as hours are accumulated. Factory overhead, consisting of indirect materials and labor, utilities, depreciation and other non-direct expenses, is also posted to the WIP account. The total of raw materials, direct labor and factory overhead represents the total manufacturing costs for the period. The value of goods still in progress at the end of the period is deducted from the total costs, and the balance is transferred to the finished goods account as the cost of goods manufactured.
