Business Administration 2257 Lecture 2: EXAM 2 CHEAT SHEET PART 2
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Preferred shares (preferred shares bv * % shares converted) Common shares change # of shares under both preferred and common. Remove shares converted from preferred stock count. Add (preferred converted x conversion rate) to common stock count. Retained earnings (shares outstanding * dividend per share) ** also update change to number of shares outstanding ** Dr. common shares (book value * % buy back) Each item is tagged w/ its speciic unit costs so that the cost of ending inventory and. Oldest goods on hand allocated to cogs. Applied to units on hand to determine cost of ending inventory. If there is an in-transit or unpaid invoice, this must be added to purchases. Doesn"t touch cash therefore not included in purchases from cash disbursements. Fifo: ending balance = warehouse + goods in transit. Incorporates all inputs in the producion process including rm, dl, and foh. Direct labour only refers to the wages of those directly involved in producion.