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Author Question: When auditing manufacturing overhead costs assigned to inventory, auditors should keep in mind that (Read 13 times)

dhsndn

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on: Aug 21, 2022
When auditing manufacturing overhead costs assigned to inventory, auditors should keep in mind that
◦ GAAP has strict procedures that must be followed when assigning overhead to work-in-process inventory.
◦ overhead costs must be allocated to raw materials, work-in-process, and finished goods inventory.
◦ management typically allocates overhead using total direct labor dollars as the basis for the allocation.
◦ determining the reasonableness of the allocation method is relatively simple for work-in-process inventory.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by dhsndn on Aug 21, 2022

mamboz

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dhsndn

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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