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Karen makes the following purchases and sales of stock: Transaction Date Number of Shares Company Price per Share Purchase 1-1-2011 300 MDG $ 75 Purchase 6-1-2011 150 GRU 300 Purchase 11-1-2011 60 MDG 70 Sale 12-3-2011 200 MDG 80 Purchase 3-1-2012 120 GRU 375 Sale 8-1-2012 90 GRU 330 Sale 1-1-2013 150 MDG 90 Sale 2-1-2013 75 GRU 500 Assuming that Karen is unable to identify the particular lots that are sold with the original purchase, what is the recognized gain or loss on each type of stock as of the following dates?
Charley Company's Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 9,000 units in ending work in process, all of which are 70% complete as to conversion costs. How much are total costs to be assig..
otthars amusement center contains a number of electronic games as well as a miniature golf course and various rides
popper co. acquired 80 of the common stock of cocker co. on january 1 2009 when cocker had the following stockholders
Critically assess the relative merits of accounting standards. In your opinion, how would a conceptual framework help to develop accounting standard?
Annual depreciation is $9,000, and the machine has no salvage value.Machine B: Costs $50,000 to acquire and $24,600 a year to operate in each year of its 10-year life. Annual depreciation is $5,000, and the machine has no salvage value.
What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?
What was ending inventory and cost of goods sold on 12/31 under the FIFO cost flow assumption? What was ending inventory and cost of goods sold on 12/31 under the LIFO cost flow assumption?
Describe how the accounts receivable and the allowance for doubtful accounts are reported on the balance sheet.
Linda Candle Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 50 percent of sales. Product purchases and payments are to be made during the month preceding the month of sale.
campground inc. is considering the production and sale of propane lamps. annual fixed costs associated with the project
Finally, Giovanni estimates that he needs to withdraw $55,000 from the business (as dividends) to cover his own personal living expenses this year. Will Giovanni have enough cash to get through the year? What is his budgeted cash balance on Decemb..
the deleca plastice company is considering a machine that has a cost of 25000. the machine will permit an output
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