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Question
Jones Company is a manufacturing company that has worked on several production jobs during the month of January. Below is a list of all the jobs for January:
Job 250 $150,000
Job 251 $ 57,000
Job 252 $ 68,000
Jobs 250 and 251 were completed in January, and Job 250 was sold for $175,000 in January.
What is the ending balance of Finished Goods inventory at the end of January?
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A cash flow for a prospective project in actual dollars has a rate of return of 18.5%.
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