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Question - Shown below is activity for one of the products of Denver Office Equipment:
January 1 balance, 530 units @ $55 per unit $29,150
Purchases:
January 10:530 units @ $60 per unit
January 20:1,060 units @ $64 per unit
Sales:
January 12: 820 units
January 28: 650 units
Required - Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO?
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Prepare the journal entries in good form to record the payroll. Vacation Destinations total payroll for the month of January was $350,000.
Adam Corporation purchased 3,000 shares of Ozark Company's common stock for $12 per share as a long-term available-for-sale investment on June 30, 2014. Ozark declared and paid a cash dividend of $1.00 per share on its common stock on September 30, a..
Prepare a statement of cost of goods manufactured and compute the average cost of producing one unit of product in the year.
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How much overhead was applied to Job #108 during the year?
Other information pertaining to Mat Company's inventories and production for the month of March is as follows: Determine amount of direct materials used during March.
Complete the Horizontal and vertical analysis of the income statements for the past three years (all yearly balances set as a percentage of total revenues for that year).
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