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Far Out Ceramics makes custom macaroni tile and applies job-order costin(G) The following information relates to the fiscal year ending December 31, 20XX. Beginning balance in Raw Materials Inventory $ 12,500 Purchases of raw material 189,000 Ending balance in Raw Materials Inventory 14,300 Beginning balance in Work in Process 24,500 Ending balance in Work in Process 23,100 Direct labor cost 89,700 Manufacturing overhead applied 66,200 Actual manufacturing overhead 64,100 Beginning balance in Finished Goods 1,000 Ending balance in Finished Goods 24,300 Sales 432,000 Selling expenses 120,000 General and administrative expenses 86,000 How much is cost of goods sold?
Fill in each of the blanks below with one of these: larger, smaller, unchanged, or insufficient (information given to answer question). Several years after the switch from FIFO to LIFO:
describe the process of assessing the earnings and financial reporting quality of publicly held corporations.relate the
If the average market value of common share is $20, year end price is $25, interest rate on borrowings is 6%, and the tax rate is 50%, then compute both basic and diluted EPS
Determined the cost of jobs completed. Determine the cost of the unfinished jobs at January31
heritage insurance co. is a regional insurance company that began operations on january 1 2012. the following
classic auto parts sells new and used auto parts. although a majority of its sales are cash sales it makes a
brenan inc. purchased equipment at the beginning of 2004 for 1520000. brenan. the equipment has an estimated residual
jot construction company uses the percentage-of-completion method of accounting. in 2013 jot began work on a contract
in a 1-year period the productive components corporation has shipped units worth 1200000 to its customers. it produced
if the historical cost of product x is 64 the selling price product x is s90 the costs to sell product x are s14 the
the madden company uses a process costing system. during september the mixing department transferred out 65000 units.
Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.
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