US CMA summary notes

SECTION B
Beginning Inventory + Production - Ending Inventory = Sales (BASE..B-Beg.inv, A-Add, S-Subtract Sales , E-End.inv)
BI + Purchases - Usage = EI
Beginning Inventory + Goods Manufactured – Goods Sold = Ending Inventory
Sales - Opening stock + Closing stock= Production

Beginning Inventory (FG)
(+) COGM
COGAS
(-) Ending Inv (FG)
COGS

Material to be purchased = Sales – Finished goods inventory on hand + Finished goods target ending inventory –
Raw material inventory on hand + Raw material target ending inventory

Beginning A/R + sales made on account − receivables collected = ending A/R

Predetermined overhead application rate = (Indirect material + Indirect labor + Utilities) ÷ Production

Gross profit (gross margin) = Sales - Cost of goods sold




SECTION C