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In the assembly department, all the direct materials are added at the beginning of the processing. Beginning Work in Process inventory consists of 2,000 units with a direct materials cost of $31,860. During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit?
Prepare basic journal entries under the proper accounting method to record Big Co.'s investments in Little Co. and Small Co. based on facts provided.
The divorce decree further states that alimony is to cease upon the death of the wife. In 2011, he made six payments. Explain how do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income
The question is on accounting basics about closing process in accounting cycle. Show which of the following accounts will be closed to Income Summary at year-end.
Preparation of the balance sheet from the given transactions for events occurred at Handsome Hounds Grooming Company during its first year of business
The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?
Evaluate the amount of cash receipts for March, April and May and evaluate the amount of cash disbursements for March, April and May.
Compute the Break even point - Evaluate the company's break-even point given the sales mix above?
In a recent year Dillon Corporation had net income of $130,000, interest expense of $20,000, and tax expense of $30,000. What was Dillon Corporation's times interest earned ratio for the year?
Break-even-analysis - What effect would the purchase of the new machine have on Acme's break-even point in units
Record each of the transactions for Bennett Corporation in a journal.
During the first month, Mars collected $400,000 on assigned accounts after deducting $900 of discounts. Mars wrote off a $1,060 assigned account.
Evaluate the amount to be reported as the cost of the land
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