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The debits to Work in Process-Assembly Department for April, together with data concerning production are as follows: April 1, work in process Materials cost, 3000 units $8000 Conversion costs, 3000 units 66.7% complete $6000 Materials added during April, 10,000 units $30,000 Covension cost during April $31,000 Goods finished during April, 11,500 units -April 30 work in process, 1,500 units, 50% complete All direct materials are placed in process at the beginning of the process and the first in, first out method is used to cost inventories. The materials cost per equivalent unit for April is: a. 3.00 b. 3.80 c. 2.92 d. 2.31.
What is the amount of Joel's realized gain, what is the amount and character of its recognized gain (if any), and what is its basis in the land it received from Sara in the exchange on November 1, 2012? Please explain and show all calculations.
Prepare the journal entries to record the pension expense and funding for the year.
the oklahoma a amp m aggies sell season tickets for four home football games at a price of 15. for the 2012 season 5000
what is an example of a potentially unethical accounting situation?why is the situation unethical?how do ethics affect
From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions.
consider two bonds. One is maturing in 5 years and one matures in 10 years. Each has a coupon of 8% paid annually. Each is priced to yield 9% as follows: 5 years $961.10 and 10 years $935.82. Why the difference in price?
assume that youve just inherited 350000 and have decided to invest a big chunk of it in common stocks. your objective
Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology.
Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000. Please give the journal entry to record the transaction.
At the high level of activity in November, 7,00 machines hours were run and power cost were $12,000. In April, A month of low activity 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low, the estimated fixed cost el..
Why is it difficult to develop accounting reporting categories that are uniform for governments within the same type of entity (e.g. cities) and even more difficult to develop them for governments within different types of entities
China Corp. has a current capital structure of $18 million in secured bonds paying 6.5% annual interest, $8 million in preferred stock with a par value of $50 per share and an annual dividend of $3.80 per share
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