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21/05/2021
by in Bookkeeping

COGM: The Essential Formula for Manufacturers

Cost of Goods Manufactured (COGM) is a detailed calculation of everything it takes to produce goods. It gives a complete breakdown of the production costs by including raw materials, labor, and other expenses tied directly to manufacturing. This is all about the people who are hands-on in the production process. We’re talking about the folks on the factory floor making things happen. If your company has […]

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13/04/2021
by in Bookkeeping

Debt to Equity Ratio Formula Analysis Example

Instead, some companies use their debt to invest in profitable ventures and leverage. Leveraged companies are considered riskier since businesses are contractually obliged to pay interests on debts regardless of their operating results. Even if a business incurs operating losses, it still is required to meet fixed interest obligations. In contrast, the payment of dividends […]

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01/04/2021
by in Bookkeeping

FIFO and LIFO accounting Wikipedia

Out of the 18 units available at the end of the previous day (January 5), the most recent inventory batch is the five units for $700 each. On the LIFO basis, we will value the cost of the shoes sold on the most recent purchase cost ($6), whereas the remaining pair of shoes in inventory […]

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