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The absorption operating income is:
Beginning inventory in units
0
Units produced
4,800
Units sold
4,000
Sales
$400,000
Material cost (unit level or variable)
$96,000
Variable conversion cost used (Committed)
$48,000
Facility-level or fixed manufacturing cost
$72,000
Indirect operating costs (fixed)
$80,000
Consider the appropriate classification of these long-term debt obligations. Assuming no more long-term debt will be issued, what are the implications of the information above for Border's liquidity and solvency risk in 2013 and the following year..
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The following are selected transactions of Darby Corporation. Prepare journal entries for the selected transactions above. Prepare adjusting entries at December 31.
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