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Gomez Company has 1,950 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 5,180 and 6,140 units, respectively.
Question 1: 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Calculate the Total Cost of Direct Material Purchases:
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Waterway Industries spent $8800 to produce Product 89, which can be sold as is for $11000, or processed further incurring additional costs of $3300and
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As of 2017, such companies included GlaxsoSmithKline, Merck, Pfizer, and Roche, along with many others. Why would these firms provide discount drug cards?
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The company exercises the call option after the semiannual interest is paid on June 30, 2011. Record the entry to retire the bonds - Record the entry for the conversion of the bonds.
On the first day of the fiscal year a company issues an 8000000 11% five year bond that pays semiannual interest of 440000 receiving cash of 8308869. Journalize the first interest payment and the amortization of related bond premium?
Each member of the group is to research the annual report (and corporate website for one major publicly listed Australian corporation
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Solve the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative)
Provide journal entries to account for all the above transactions in Tina Ltd's financial statements for the year ended 31 December 2019
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