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O'Leon Enterprises makes Perfect shampoo for professional hair stylists. On 31st July, it had 5,200 liters of shampoo in process that were 80 % complete in regard to conversion costs and 100 % complete in regard to direct materials costs. During August, it put 212,500 liters of direct materials into production. Data for Work in Process Inventory on 31st August were as follows: shampoo, 4,500 liters; stage of completion, 60 % for conversion costs and 100 % for direct materials. From this information, calculate the equivalent units of production for direct materials and conversion costs for month. Use the FIFO costing method.
Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item space, and insert the amounts in the appropriate columns.
Evaluate Jon's adjusted basis in his EFG Inc. stock after the distribution?
factors that influence the composition of capital structure for wacc.cost of capital coleman technologies is
The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?
The partnership also assumed a $12000 note payable owed by Robert that was originally used to purchase the equipment. Illustrate what amount should Robert's capital account be recorded?
question 11.2 cowboy constructions employs a full-time driver and incurs costs for a vehicle to deliver paperwork
Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?
making decision based on process costing.solex company manufactures three products from a common input in a joint
In both Japan and United States, a small number of accounting firms audit a great mjority of large public companies. identify advantages of this " market structre" for indendent auditors services.
What would be the most difficult part of costing out the month end inventory prior to closing your books? Remember that you have different components of inventory, different locations, and you must not only count the inventory but value the i..
The video mentions several skills you need in order to be successful in pursuing a career in finance. Explain how would you advise your client assuming a 10% discount rate?
Purpose the adjusting entry to recognise bad debt expens - Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts.
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