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A company uses the FIFO method for inventory costing. During a period, a production department had 22,000 units in beginning goods in process inventory which were 41% complete; the department completed and transferred 166,000 units. At the end of the period, 23,000 units were in the ending goods in process inventory and are 76% complete. All of these are with respect to labor. The production department had labor costs in the beginning goods is process inventory of $100,000 and total labor costs added during the period are $726,850. Compute the equivalent cost per unit for labor.
format you are required to submit a report detailing your calculations and your analysis.you are required to select
an auto plant that costs 220 million to build can produce a line of flexfuel cars that will produce cash flows with a
swanton company currently sells 3 products and details of revenues and costs are given below. the company is thinking
Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is:
Allen invests $20,000 cash and Anne invests land that originally cost $20,000 in their new partnership. The land is now worth $35,000. Which of the following is the balance in Anne's capital account?
Really Welcome, Inc., a tax exempt organization, receives 30% of its support from disqualified persons. Another disqualified person has agreed to match this support if Really Welcome will appoint him to the organization's board of directors. What ..
Sophia inherited 1,000 shares of IBM. The father's cost was $2 per share at the time of purchase and 484 per share at the time of his death. Sophia sold them at $86 per share. Calculate the total amount of her capital gain.
During 2012, Crop-Paper-Scissors, a craft store, changed to the LIFO method of accounting for inventory. Suppose that during 2013 they switch back to the FIFO method and the following year switch back to LIFO again.
Ellen supports her family as a self-employed attorney. She reports $90,000 of income on her Schedule C and pays $8,000 on health insurance for her family.
the trial balance of maritime company included the following account balances cash 25000 short-term investments 10000
Determine the amount of expenses Walton will report relataive to the lease for 2011 and the amount of revenue Mullen will report for the same period.
What accounts does a company debit and credit in a prepaid expense adjusting entry? What accounts are debited and credited in an unearned revenue adjusting entry.
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