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Mastery Problem: Job Onderst Purl of Great Price Company Hara ung is the side modholder of Put of Great Price Company (POCP Company), which
Mastery Problem: Job Onderst Purl of Great Price Company Hara ung is the side modholder of Put of Great Price Company (POCP Company), which produces high-end knitted sweaters and sweater vests for sale to retail outlets. The company started in January of the current year, and employs Dree knitters (each of whom work hours per week) and one office manageknitting supervisor (this employee works 20 hours manages and 20 hours per week as knitting mpervisor). All wages are paid in cash at the end of each Each he has a knitting machine that is used about 2/3 of the knitter's time, the rest of the knitter's time being involved in hand knitting and piecing together the pements. The company also has a packaging machine used to wrap the garments in plastic fur shipping, which is sperated by the office manager/ting per aproximately 5 hours The ring machines were purchased on January 1 of the curent va and cest $2,400 each, with an anticipated unfulf of 10 years and salvage value. The packaging machine was purchased on the same date and 4.00 with the Nov. 30 Trial Balance Cash Accounts valle Materia Common Stick Cost of S Factory Chil Wages Expe POCP Comp Triel Bel Debit Cred 1,000 200 3,000 LAM 12.000 20 150 20.000 12,000 307,500 15 11,7
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