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Its beginning goods in process consisted of $60,830 of direct materials, $176,820 of direct labor, and $110,988 of factory overhead. During October, the company started 140,000 units and transferred 153,000 units to finished goods. At the end of the month, the goods in process inventory consisted of 20,600 units that were 80% complete with respect to direct labor and factory overhead. Required Prepare the company's process cost summary for October using the weighted-average method.
Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished good inventory.
Calculation cost to make a product - Evaluate the lowest transfer price the Parts Division would accept for Product A?
Evaluate the Shareholder's Equity and determine for the given data the Break- even point in Units and in Dollars
Bienvenu later discovered that its ending inventories at December 31, 2009 and 2010, were overstated by $110,000 and $35,000, respectively. Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings.
Determine the standard cost per unit and determine material, labor, and overhead variances, List a possible cause for each variance.
objective of financial reporting by business enterprises and Short term investment would be classified as an assets and would appear on the income statement
Investigate any checks shows large or unusual payments to related partie
Create the appropriate journal entry to record the purchase on 1 st April, 20X7 and create the appropriate journal entry to record the year-end discount amortization on December 31, 20X7.
During 2010, Bike reported net income of $500,000. For 2011, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years. Explain how much income did Harley report from Bike for 2011?
Purpose a schedule comparing depreciation for financial reporting and tax purposes. Evaluate the deferred tax asset or liability at the end of 2012.
Compute the amount of direct labor cost assigned to each job. Summarize the labor time tickets and prepare a journal entry to record direct labor for the month:
The total cost was $20,000, and Anne deducted $13,000 as medical expenses. Find what is Anne's realized gain?
From this information, compute the cost of goods transferred to the Finished Goods Inventory account, the cost remaining in the Work in Process Inventory account, and the total costs to be accounted for. Use the FIFO costing method.
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