Accounting Category: Cost of sales

Accounting Articles

January 18, 2014

Company managers need to keep track of costs in order to make wise decisions about day-to-day operations. In this article, we discuss process costing, a method of allocating costs for manufacturers of many identical products.

January 11, 2014

The process of tracking production costs is critical for the information needs and reporting requirements of manufacturers. In this article, we’ll discuss a method of cost distribution called job costing. After describing the theory behind job costing, we’ll walk through an example - a manufacturer of drag race engines.

April 1, 2012

Learn about accounting for obsolete inventory with examples of obsolescence reserve journal entries.

February 12, 2012

Learn about non-operating revenues and expenses.

May 30, 2011

Explanation of accounting for customer returns, sales and return allowances, purchase allowances, cash refunds and store credits.

Accounting Categories
Accounting categories represent a collection of accounting guides and answers related to one accounting area.