Labor Accounting Question

Legacy Contributor

Why would the *Cost of Goods Sold Labor* by Product Line not match the *Applied Labor* by Product Line? Thanks in advance for any replies.

Legacy Contributor

Applied labor shows on your income statement every month when the hours are worked. Cost of goods sold labor shows on your income statement when you sell the product.
Unless you mfg and sell your products all in the same month and don't carry inventory these should never be the same

mis_item_master_add_policy.pdf