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Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3,000 and received 8,500 pieces of candy that are allocated among three groups. Group 1 consists of 2,500 pieces that are expected to sell for $0.25 each. Group 2 consists of 5,500 pieces that are expected to sell for 0.60 each. Group 3 consists of 500 pieces that are expected to sell for $1.20 each. Using the relative sales value method, what is the cost per item in group 2?
anheuser-busch inbev companies inc. reported the following operating information for a recent year in millionsnet sales
Finished goods inventory at the end of last December was 200 units. Ending finished goods inventory is equal to 25 percent of the next month's sales. Jasper Company expects to sell the brackets for $45 each. How many brackets should Jasper produce..
Assume cash paid to suppliers for the current year is $350,000, merchandise inventory increased by $5,000 during the year, and accounts payable decreased by $10,000 during the year. What was the cost of goods sold for the current year?
What is the amount of the gross profit? Compute the gross profit percentage (gross profit divided by sales). Will the income statement necessarily report a net income? Explain"
on january 1 2013 nrc credit corporation leased equipment to brand services under a direct financing lease designed to
stromski corporation manufactures a single product. the standard cost per unit of product is shown below.direct
post the net cash flows from each of the three activities operating investing and financing for the most recent three
altertech inc. manufactures a product which contains a circuit board. the company has always purchased this circuit
1. does the company use the direct or the indirect method to prepare the statement of cash flows? how can you tell?
Provide examples from the manufacturing industry of: a) a journal entry that would be recorded that impacts the balance sheet. b) a journal entry that would be recorded affecting the income statement.
rohan corporation holds assets with a fair value of 150000 and a book value of 125000 and liabilities with a book value
1-the fund financial statements for governmental funds should include aa balance sheet for fiduciary funds b statement
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