What was the cost of the raw materials
If the raw materials purchased during April totaled $63,000, what was the cost of the raw materials used in production for the month?
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Six months ago, a company purchased an investment in stock for $72,000. The investment is classified as available-for-sale securities. The current fair value of the stock is $76,050.
Analysis reveals that a company had a net decrease in cash of $4,500 for the current year. Net cash provided by operating activities was $18,500; net cash used in investing activities was $10,500 and net cash used in financing activities was $12,5
$89,000 in raw materials were requisitioned for use in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials.
Sebring Company reports depreciation expense of $49,000 for Year 2. Also, equipment costing $168,000 was sold for its book value in Year 2.
On February 15, Seacroft buys 6,200 shares of Kebo common at $28.71 per share plus a brokerage fee of $485. The stock is classified as available-for-sale securities.
If the company transferred $234,000 of completed goods from work in process to finished goods inventory during April, what was the cost of goods sold for the month?
In 2013, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. The couple's AGI is $180,000 and their taxable income is $140,000.
A company's income statement showed the following: net income, $132,000; depreciation expense, $34,000; and gain on sale of plant assets, $18,000.
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