Cost of the ending work in process inventory
Wood Company has beginning work in process inventory of $216,000 and total manufacturing costs of $954,000. If cost of goods manufactured is $960,000, what is the cost of the ending work in process inventory?
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The company did not pay the preferred dividends in 2007 or 2008. What amount of dividends must the company pay the preferred shareholders in 2009 if they wish to pay the common stockholders a dividend?
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