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A manufacturing company shows the following amounts in the income statement for 19B:
Materials Used
$590,000
Cost of Goods Sold
750,000
Cost of Goods Manufactured
800,000
Total Manufacturing Costs
790,000
1. Determine the amounts of (a) and (b)in the balance sheets of 12/31/19Aand 12/31/19B
Inventories
12/31/19A
1213 111 9B
Materials
$100,000
$150,000
Work-in-process
(a)
87,000
Finished goods
80,000
(b)
2. Compute the amount of materials purchased in 19B.
Direct material usage budget and direct material purchases budget and manufacturing overhead cost budgets for each of the three activities
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Who are the stakeholders in this situation and identify the ethical issues involved in this situation.
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