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Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
What are the major features of a JIT production system such as that of High Point and prepare summary journal entries for February.
lancaster lumber supply sold 19200 worth of treated wood to singletary home builders on account on march 25 of this
aggie co. purchased equipment on january 1 2004 at a cost of 650000. the asset was estimated to have a 12-year life
During 2009, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?
consider some bonds with one annual coupon payment of 7.25. the bonds have a par value of 1000 a current price of 1125
the financial records of leroi jones inc. were destroyed by fire at the end of 2014. fortunately the controller had
kerry corp purchased a used bottling machine from bobs bottling inc. on jan 1 2012 for 450000. bob accounted for the
wanda sublette recently opened her own basketweaving studio. she sells finished baskets in addition to the raw
a large corporation hires you as a consultant. the firm has accumulated tax losses and it expects to be in this
quantum technology had 640000 of retained earnings on december 31 2010. the company paid common dividends of 30000 in
The traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?
Samantha's Design Studio showed office supplies available of $700. A count of the supplies left on hand as of June 30 was $400. The adjusting journal entry is:
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