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The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
Sales
$910
Raw materials, inventory, beginning
$80
Raw materials, inventory, ending
$20
Purchases of raw materials
$100
Direct labor
$130
Manufacturing overhead
$200
Administrative expenses
$160
Selling expenses
$140
Work in process inventory, beginning
$40
Work in process inventory, ending
$10
Finished goods inventory, beginning
Finished goods inventory, ending
$150
The cost of goods manufactured (finished) for the year (in thousands of dollars) was
An introductory paragraph which explains the purpose of the memo and summarizes the analysis that you have conducted, your findings and your recommendations.
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Large traded companies like Target, Ford, Apple, etc. are easy to find this type of information on. We recommend you go straight to Hoover's Pro database to find a company profile. This database is the best database available for this type of info..
Describe the similarities and differences between job order cost and process cost systems.
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