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The balance in White Company's work in process inventory account wasw $15,000 on august 1 and $18,000 on August 31. The company incurred $30,000 in direct labor cost during August and requisitioned $25,000 in raw materials ( all direct material). If the sum of the debits to the manufacturing overhead account total $28,000 for the month, and if the sum of the credits totaled $30,000 then was Finished goods debited or credited? and by how much?
The company is considering painting the gnomes. The following information is available regarding unpainted and painted gnomes:
on january 1 chevon corporation had 98000 sharesnbspnbspof no-par common stock issued and outstanding. the stock has a
Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amortization is to be used. What amount of discount (to the nearest dollar) shou..
you need to choose between the following types of issues a public issue of 10 million face value of 10-year debt. the
dubuque company has prepared the following sales budget month cash sales credit sales february 14000 28000 march 12800
henries drapery service is investigating the purchase of an new machine for cleaning and blocking drapes. the machine
Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows Prepare journal entries for
equity transactions. presented below is information related to wyrick company1. the company is granted a charter that
apple and phillips balance sheets for year ending 2012.comment on three difference between their balance sheets. also
for the profitability analysis compute mcdonough products a ratio of gross profit to net sales b ratio of operating
A corporation has which of the following set of characteristics? a. Shared control, tax advantages, increased skills and resources b. Simple to set up and maintains control with founder c. Easier to transfer ownership and raise funds, no personal lia..
the corporation performs adjusting entries monthly. closing entries are performed annually on december 31. during
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