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Questions -
Q1. Schedule of Cost of Goods Sold. The balance in Blue Oak Company's finished goods inventory account was $25,000 at the beginning of September and $28,000 at the end of September. Cost of goods manufactured for the month totaled $17,000. Prepare a schedule of cost of goods sold for the month of September.
Q2. Income Statement. Auto Products, Inc., had the following activity for the month of October.
Sales revenue $1,100,000
Selling expenses $300,000
General and administrative expenses $230,000
Cost of goods sold $475,000
Prepare an income statement for the month of October.
The machinery is completed on 1 June 2021 and shipped FOB Auckland on that date. Make the journal entries for the given dates
The company used 6100 gallons of the dye during the month. The standard price for the dye is $1.29. What is the materials price variance for Sheridan for June
If none of the adjusting journal entries were recorded, would assets, liabilities, and shareholders' equity on the 12/31/18 balance sheet be higher or lower
Identify four stakeholders the company needs to consider. Justify why each is a stakeholder. Identify and explain a relevant theory for each stakeholder
What is the implication of applying accounting concepts wrongly
Wilton sells softball equipment. On November 14, they shipped $4000 worth of softball uniforms to Paola Middle School, terms 1/10, n/30. On November 21.
Describe two techniques for making budget estimates. Explain the concept of budget deviation management. Give three common reasons for deviations from budgets
The product requires an immediate investment of $70,000 in plant and equipment. What is the initial investment in the product
on january 1 a company issues bonds dated january 1 with a par value of 400000. the bonds mature in 5 years. the
Explain the number of shares necessary and the condition required to hedge the position
The Retained Earnings balance is $190,000 before considering the transactions above. Prepare the shareholders' equity section of the SFP in good form
Fulhage Company reported taxable income of $9,000 and pretax financial income of $10,600. Prepare Fulhages income tax journal entry at the end
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