Define Accounting Terms Related to Cost accounting and financial reporting for a departmentalized merchandising business.

Identify Accounting Concepts and Practices related to Cost accounting and financial reporting for a departmentalized merchandising business.

Distinguish between direct and indirect expenses.

Prepare a interim departmental statement of gross profit.

Prepare a work sheet for a departmentalized merchandising merchandising business.

Prepare financial statements for a departmentalized merchandising business.

Analyze financial statements using selected component percentages.

Complete end-of-period work for a departmentalized merchandising business.