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Question - At the start of November, Work in Process Inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $43,000 ($30,000 of material cost and $13,000 of labor and overhead). During November, the company started 44,000 units and incurred $421,990 of material cost and $394,880 of labor and overhead. The company completed 45,000 units during the month and, 3,000 units were in process at the end of November. The units in ending Work in Process were 85 percent complete with respect to materials and 45 percent complete with respect to conversion costs.
Calculate cost completed during November and calculate the cost of ending Work in process.
Issued 1,000 shares of preferred stock for cash at $112 per share.Prepare the journal entries to record the above transactions.
Sami Company recorded the following selected transactions during November 2011.
Purchased supplies on account for $3,100. Using the following tabular analysis, show the effect of each transaction on the accounting equation.
Assuming the land had a fair value on January 1, 2011, of $200,000 and could be leased alone for $30,000, prepare journal entries for Cook Textiles for 2011.
Write a business plan for one of the Services Accounting or Day care. Please choose one. Use instructors template attached. Minimum 10 Pages.
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What is the cost of a long-term investment in bonds?
The insurance expired during the month of January, Wages accrued but not paid during the month
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