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The following production data were taken from the records of the Finishing Department for June: Inventory in process, 6-1, 25% completed 1,500 units Transferred to finished goods during June 5,000 units Equivalent units of production during June 5,200 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. Assume the completion percentage of 25% applies to both direct materials and conversion costs.
staffing company purchased the net assets i.e. assets minus liabilities of time management inc. for 390000. time
fde manufacturing has a normal plant capacity of 37500 units per month. because of an extra large quantity of inventory
problem6-2a 3a 10 sep what is the total for units cost and units sold and the total cost of goods sold problem 6-2a 3b
Isner Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31, 2010: Journalize the write-offs for 2010 under the direct write-off method.
Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $26,580 which was paid in the current year.
finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process
The chief cost accountant for Dr. Cinnamon Beverage CO, estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning April 1 would be $106,800
Bryce Company has $1,500,000 of bonds outstanding. The unamortized premium is $21,600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?
q. in october of 2011 cathy bennett and mike sold their residence for 550000. they purchased it in 2000 for 300000.
She receives a $6,000 distribution, and her share of S corporation items includes a $2,000 long-term capital gain and a $9,000 ordinary loss. Determine the effects of these events on AAA, stock basis, and AEP.
Leonard received $150,000 insurance proceeds and deducted a $50,000 casualty loss. What is Leonard's basis in the building before any repairs are made?
1. what are the steps of the accounting cycle?2. what are the six irregular items that may not appear on a multi-step
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