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Department A had 4,000 units in work in process that were 75% complted as to labor and overhead at the beginning of the period, 30,000 units of direct materials were added during the period, 32,000 units were completed during the period, and 2,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The FIFO method is used to cost inventories.
A) the number of equivalent units of productin for conversion costs for the period was?B) the number of equivalent units of production for material costs for the period was?
Work-in-process inventory was $12,000 at January 1 and $15,500at December 31. Compute cost of goods manufactured.
blue corporation donates the following property to johnson elementary schoolxyz corporation stock purchased two years
On January 1, 2015, Day Corp. entered into a 10-year lease agreement with Ward, Inc. for industrial equipment. Annual lease payments of $10,000 are payable at the end of each year. Day knows that the lessor expects a 10 percent return on the l..
mccoys fish house purchases a tract of land and an existing building for 970000. the company plans to remove the old
Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
assume these facts on october 11 the auditor received a cutoff bank statement dated october 7. the september 30 deposit
A foreign currency transaction gain will be recognized by a U.S. company when it has a receivable from a foreign company
When using classical variables sampling for estimation, an auditor normally evaluates the sampling results by calculating the possible misstatement in either direction. This statistical concept is known as
There are no earnings and profits from C corporationn years. Calculate Sonny's built-in gains tax liability.
nielson corp. sells its product for 8800 per unit. variable costs per unit are manufacturing 4800 and selling and
1.what is the campanys revenue recongnition policy?2.assuming that 50 million of cost of sales was due to non inventory
what are at least four depreciation methods that are available to a company?what are their similarities and
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