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Keisha Tombert, the bookkeeper for Washington Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the
Keisha Tombert, the bookkeeper for Washington Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Keisha wondered if such a schedule could be prepared for her firm. She realized that, as a service-oriented company, it would have no work in process imventory to consider. Listed below are the costs her firm incurred for the month ended August 31, 2020. (a) Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month
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