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Problem 1: Your company manufactures chocolate bars and uses raw liquid chocolate in bulk form ( which it stores in a single large heated tank ) to make the bars . On December 31 , 2019 the tank held 580 gallons of raw liquid chocolate valued at $18,000 . On January 28, 2020 it bought 10,000 gallons of raw liquid chocolate for $300,000 , and on September 12, 2020 it bought a further 12,000 gallons for $408,000 . Note : all of these 2020 deliveries were stored in the aforementioned heated tank , and the company uses average costs to value inventory . On December 31st , 2020 there remained 9,000 gallons of raw liquid chocolate left over in the heated tank & the market price for raw liquid chocolate was $30 per gallon. Given the above information what is the value of the remaining raw liquid chocolate at the end of 2020 to be recorded on the Balance Sheet as inventory?
Prepare and record the adjusting journal entries for the unbilled fees for services performed at July 31 were $1,300
calculation of simple price index.the price of an item was 200 in 19x4 and 220 in 10x5. calculate a simple price index
If Altra adjusts for risk by adding or subtracting one percentage point. What is the risk adjusted cost of capital for each type of loan?
What Total Current Assets are? The accounts were taken from the Adjusted Trial Balance columns of the work sheet, Land 62,400
Crocker and Company (CC) is a C corporation. For the year, CC reported taxable income of $566,500. At the end of the year, CC distributed all its after-tax.
How did it come up with 8,100 can you give step by step solution? In January 2019, Marcus Ltd. has installation costs of ?9,000
What is bad debts expense? How can it be avoided? There are two ways to compute bad debts expense. Select one of the methods and in your own words explain either the % of sales method of the % of accounts receivable/aging method. Hint: Consider using..
The controller, however, has stated that job costing requires too much recordkeeping. Would a process costing system met the manufacturing vice president's control objectives? Explain
Question - Define accumulated surplus/deficit of the federal and provincial government
Name is level and what goes in each level? Draw a colorful Maslow's Hierarchy of Needs with all the information included like the one in the PowerPoint.
Determine the eliminating entries necessary for the 20X9 consolidated financial statements.
accounting fundamentals based on accounting principles.presented below are the assumptions and principles discussed in
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