On november 2, newsprint manufacturing purchases 5 rolls of paper on account at $125 per roll for use within the production process. on november 5, 4 rolls of this paper are issued to job 157a in the printing department. the printing department records $675 in direct labor and $1,150 of factory overhead to job 157a. on november 8, printing transfers job 157a to the folding department. the folding department applies $450 in direct labor and $655 in factory overhead to job 157a. job 157a is transferred to finished goods inventory on november 9. a. journalize the purchase of the paper. nov. 2 b. journalize (1) the transfer of raw materials to work in process, (2) the application of direct labor, and (3) the application of manufacturing overhead to job 157a while in the printing department.
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Business, 22.06.2019 12:20
Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount
Answers: 2
Business, 22.06.2019 16:10
Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.
Answers: 2
Business, 22.06.2019 19:50
Joe pays ann to mow his lawn and ann mows vanna's lawn by mistake. vanna peers out her window and sees ann mowing, yet says nothing to ann about her mistake since vanna needs to have her lawn mowed. when ann approaches vanna for payment, vanna refuses, arguing that she never asked ann to mow her lawn. under these circumstances, ann can recover payment from vanna under:
Answers: 1
On november 2, newsprint manufacturing purchases 5 rolls of paper on account at $125 per roll for us...
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