Manufacturing Chart of Accounts (COA) Mastery

What Will You Learn?

• Design and evaluate a GAAP-compliant manufacturing COA
• Correctly classify raw materials, WIP, and finished goods inventory
• Capitalize direct materials, direct labor, and manufacturing overhead appropriately
• Compute and record Cost of Goods Manufactured (COGM) accurately
• Recognize Cost of Goods Sold (COGS) only upon sale of finished goods
• Distinguish manufacturing costs from operating and administrative expenses
• Apply absorption costing principles for external financial reporting
• Identify and avoid common manufacturing audit and lender findings