For cost accounting in a manufacture environment, how do I book or record the indirect COGS items such as my current month Overhead or Factory Burden since these have been applied in the cost of the finished goods. Presently these are showing on my P&L and bumping my total COGS to be at 70% rather than the average at 50% as the indirect COGS is at 20%.
FYI: I do use BOM and WO and Raw materials, labor and applied OH are included.
Please help!
Thank you.
FYI: I do use BOM and WO and Raw materials, labor and applied OH are included.
Please help!
Thank you.