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Dymac Appliannces uses the periodic inventory system. Details regarding the inventory of appliances at November 1, 2013, purchases invoices for the next 12 months, and the inventory count at Octover 31, 2014 are summarized as followed:file://localhost/Users/AlysaFerer/Desktop/Screen%20Shot%202014-06-19%20at%2012.34.03%20AM.png
Determine the cost of the inventory on October 31,2014 by the FIFO methos. Present data in columnar form using the following headlines: Model, quanitiy, unit cost, total cost. If the inventory of a particular model compromises one entire purchase plus a portion of another purchase acquired at a differnet unit cost, use a seperate line
olaf corporation prepares its statement of cash flows using the direct method. the following items were listed on olafs
Dowell Chemical Corporation Research 15-2 FASB codification; locate and extract relevant information and authoritative support for a financial reporting issue.
slider company sales its marchemdice only when crdiet. the following data is avalible in december 31 2014sales
What is the recorded net value of this machine on December 31, 2009 and 2011 using US GAAP?
at the end of its accounting period december 31 the allowance for doubtful accounts for far-fetch corp. showed a debit
a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours
Prepare journal entries to record, Jan. 10 sold 102,000 shares of commone stock for $8 cash per share. Jan 15 Exchanged 10,000 shares of common stock for equipment with a market value of $80,000. Feb. 1 Exchanged 500 shares of common stock for $3,..
Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..
cbs companys manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished
hal gore won a 1 million prize for special contributions to environmental research. this prize is awarded for public
The dash club of tampa, florida,collected receipes from memebers and published a cookbook entitled life of the party.the book will sell for $25 per copy.the chairwoman of the cookbook development committee estimated that the club needed to sell 10..
fillip corporation makes 4000 units of part u13 each year. this part is used in one of the companys products. the
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