Question
Lincoln Corp. obtained the following information from its accounting records: Operating Income $48,000 Total Product Costs incurred during the period $37,000 Value of Beginning Work-in-Process
Lincoln Corp. obtained the following information from its accounting records: Operating Income $48,000 Total Product Costs incurred during the period $37,000 Value of Beginning Work-in-Process and Finished Goods Inventories $0 Value of Ending Work-in-Process and Finished Goods Inventories $0 Sales $100,000 The total Period Costs incurred this period equals:
$68,000 $15,000 $20,000 $48,000
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Financial Accounting For Non Specialities
Authors: Peter Atrill, Eddie McLaney
2nd Edition
0139833625, 9780139833625
