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??B's Barbecue manufactures barbecue equipment for consumers and businesses in the marketplace. The managerial accountant at? B's Barbecue reported the following? data:
?B's Barbecue Period Ending December? 31, 20XX
Manufacturing costs 3,500,000 Units manufactured 60,000 Beginning inventory 0 ?Note: 45,500 units sold during year at $260 per unit
Problem 1: What is the average manufacturing cost per unit at Bs bqq
Instead, Lucy has classified the 50,000 as contributed capital (equity), and the interest payments are included in miscellaneous expenses on the company's income statement. What are the effects of Lucy's classification on the financial statements?
During 2012, Crop-Paper-Scissors, a craft store, changed to the LIFO method of accounting for inventory. Suppose that during 2013 they switch back to the FIFO method and the following year switch back to LIFO again.
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