Railroads helped move raw materials to the factories and finished goods to the market.
steam ships
Distribute, then District
imported raw materials and made them into finished goods for export
The colonies were viewed as a cash cow in the mercantile economy of England.
good transportation system.
Primary>Secondary relies on secondary to buy the output so it can be processed into finished goods Secondary>Primary relies on primary to extract raw materials for them to process Secondary>Tertiary relies on tertiary to distribute their finished goods to consumers/customers Tertiary>Secondary relies on secondary to supply finished goods for them to sell Primary>Tertiary relies on tertiary to distribute and market their goods to both secondary and consumers Tertiary>Primary relies on primary to use their services and thus provide a source of revenue
[Debit] Finished Goods [Credit] Work in process
Prime costs is that cost which is prime for the manufacture of units of products while conversion cost is necessary to convert raw material into finished goods.
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
annual cost of sales=1800000 opening stock of finished goods=60000 finished goods storage period:10 days assuming 360 days in a year, the closing stock of finished goods is=??
to produce and distribute goods and services
to produce and distribute goods and services
Consider beginning finished goods as x: Cost of goods sold = x + cost of goods manufactured - ending finished goods inventory 220,000 = x + 190,000 - 14,000 x=44000
Goods and services
they are bought and sold by the people (gradpt)
business is receiving goods as samples it may sell or distribute for advertisement