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The following information is available for the first month of operations of Enders Company, a manufacturer of mechanical pencils:
Sales ................................................... $630,000Gross profit .......................................... 370,000Cost of goods manufactured ...................... 315,000Indirect labor ....................................... 84,000Factory depreciation ............................... 22,000Materials purchased ............................... 164,000Total manufacturing costs for the period ....... 362,000Materials inventory ............................... 22,000
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory
c. Direct materials cost
d. direct labor cost
e. work in process inventory
Effect of accepting the special order on Melville's operating income - Job costing - Accepting special orders
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On January 31, 2010, Janet won the lottery and on the same day she decided to repay all of her original debts to everyone whom she owed money. Prepare the journal entry to record Walter's unexpected receipt of Janet's payment.
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Brumlow Company has a contribution margin ratio of 25%. The company is considering a proposal that will increase sales by $100,000. What increase in profit can be expected assuming total fixed costs increase by $20,000?
Now that the current liabilities have been completed for the audit, the audit senior has asked you to review the long-term liabilities for any potential issues. After reviewing the long-term liability documents, you noticed the following potential..
go to each companys website and review the most recent financial statements for each company and answer the following
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How can Avon have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par
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