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waller inc uses the fifo method in its process costing system data concerning the first processing department for the
indicate what accounts are debited or credited and indicate the type of transaction as1 an external transaction2
the following items are taken from the 2008 balance sheet of yahoo inc all dollars are in thousandsintangible assets
the franc zeppo venture manufactures a product that goes through two processing departments information relating to the
freitas corporation was organized early in 2011 the following expenditures were made during the first few months of the
raw materials 19000work in process 82000finished goods 32000the company applies overhead to jobs using a
taguchi companycomparative balance sheetsdecember 31assets 2011 2010cash 73000 22000accounts receivable 85000
atkins advertising agency began business on january 2 2010 the transactions entered into by atkins during its first
selected transactions completed by big water boating corporation during the current fiscal year are as followsjan 3
sanker inc has provided the following data for the month of august there were no beginning inventories consequently the
spitfire company was incorporated on january 21011 but was unable to begin manufacturing activities until july 1 2011
panarude airfreightis an international air freight hauler with more than 45 jet aircraft operating in the united states
zenn is a australia automotive manufacturer that specializes in family sedans trucks and suvs in 1992 zenn started zenn
pizza pizazz is a local restaurant price and cost information followsprice per pizza 1301variable cost per
the sanchez company sold 400 printers in 2002 for 2000 apiece together with a one-year warranty maintenance on each
job order costing systemcustom products which uses a job order cost system completed the following transactions during
joe ringworth factory supervisor at winger enterprises had been attending night classes to earn a degree in business he
on july 1 2001 the romero corp issued 400000 10 percent bonds for 430924 interest is payable on january 1 and july 1
the following information pertains to leslies floor store sales on account and accounts receivableaccounts receivable
ice mountain company exchanged machinery with an appraised value of 1755000 a recorded cost of 2700000 and accumulated
the gannon company has budgeted sales revenues as followsjune july augustcredit sales 27000 29000 18000cash sales 18000
the converting department of soft n dry towel and tissue company had 920 units in work in process at the beginning of
dutton company prepared the tabulation below at december 31 2008net income 275000adjustments to reconcile net income to
employees earned salaries of 10000 during the month which the company expected to pay next month the company was
elizabeth company reported the following amounts in the stockholders equity section of its december 31 2010 balance