WGU C250 Cost & Managerial Accounting Formulas| Questions with 100 % correct Answers | Verified

Predetermined Overhead Rate (POR) - estimated overhead costs / estimated activity base Overhead Applied - POR X Actual Amount of the Activity Base for the Period Direct Materials - Raw Materials Inventory, Beginning (Bi) + Raw Material Purchases = Raw Materials Available - Raw Materials Inventory, Ending (Ei) = Direct Materials Used Cost of Goods Manufactured (COGM) - Work in Process, Beginning Inventory (WIP) + Total Manufacturing Costs = Total Cost of Work In Process (WIP) - Work in Process, Ending Inventory (WIP) = Cost of Goods Manufactured (COGM) Total Manufacturing Costs - Direct Materials (DM) + Direct Labor (DL) + Manufacturing Overhead (MOH) = Total Manufacturing Costs Cost of Goods Sold (COGS), Unadjusted - Finished Goods, Beginning