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Management of Parrent Corporation has asked your help as an intern in preparing some key reports for April. The company started the month with raw materials inventories of $32,000. During the month, the company made raw materials purchases amounting to $68,000. At the end of the month, raw materials inventories totaled $35,000. Direct labor cost was $43,000 and manufacturing overhead was $62,000. The beginning balance in the work in process account was $19,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $35,000 and the ending balance was $58,000. Sales totaled $240,000. Selling expense was $18,000 and administrative expense was $42,000.
the peg corporation tpc issued bonds and received cash in full for the issue price. the bonds were dated and issued on
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why cost accountants use two types of costing methods i.e absorption costing and direct costing? identify a case where
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james and pamela brock and william brock provide you with the following information related to expenditure they have
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At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months:
Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2009.
What could be the possible reasons for the fictitious employees being added on the payroll system?
pursco is a domestic corporation that distributes scientific equipment worldwide. during the current year pursco had
Kim Co. reported bonds payable of $35,000 at December 31, 2010 and $32,000 at December 31,2011. During 2011, Kim issued $20,000 of bonds payable in exchange for equipment.
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