Chapter 20

Accounting Transactions and Financial Reporting
for a Manufacturing Business

ESSENTIAL QUESTIONS

How are transactions journalized for a manufacturing business? How is the statement of cost of goods manufactured prepared? How is the income statement prepared for a manufacturing business? How is the balance sheet prepared for a manufacturing business?

TERMS FOR CHAPTER 20

-underapplied overhead -overapplied overhead -statement of cost of goods manufactured

ASSIGNMENTS

Define Terms for the Chapter Journalizing Manufacturing Accounting Transactions Read pp. 548-556 1) View PowerPoint presentation intro and 20-1 2) Complete Application Problem 20-1 & 20-2 pp. 565-566 3) Work on Study Guide 20 Time 2 days Preparing End -of-Fiscal Period Statements Read pp. 557-564 1) View PowerPoint presentation 20-2 2) Complete Application Problem 20-3 p. 566 3) Continue to Work on Study Guide 20 Time 2 days

Complete Mastery Problem 20-4 pp. 566-567 Challenge Problem 20-5 pp. 567-568 Time 4 days Additional Chapter exercises Explore Accounting p. 564 Chapter Twenty Internet Activity Accounting in Your Career p. 547 Time 3 days