What is the total manufacturing cost for the period
If the beginning and ending goods in process inventories are $5,600 and $14,500, respectively, and cost of goods manufactured is $163,000, what is the total manufacturing cost for the period?
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The balance sheet of Lennox Health Foods, at December 31, 2011, reported 120,000 shares of no-par common stock authorized, with 25,000 shares issued and a Common stock balance of $190,000.
The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions.
A freight bill in the amount of $3,900 specifically relating to merchandise purchased in December, all of which was still in the inventory at December 31, was received on January 3.
Jupiter Corp. owns material that originally cost $50,000. It can be sold "as is" for $24,600, but if processed at a cost of $3,200, it could be sold for $26,000.
The following situations are similar (all involve the theft of Makoto's laptop computer), yet they represent different crimes. Identify the three crimes.
Lugano's Pizza Parlor is considering the purchase of a large oven and related equipment for mixing and baking "crazy bread." The oven and equipment would cost $120,000
Armington, while robbing a drugstore, shot and seriously injured Jennings, a drugstore clerk. Armington was subsequently convicted in a criminal trial of armed robbery and assault.
Gateway, Inc., sells computers, computer products, computer peripherals, and computer accessories throughout the world. By 1988, Gateway had begun its first national advertising campaign using black.
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