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please answer correctly End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a

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please answer correctly

End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser.

Account Company 1 Company 2
Cash $ 13,000 $ 11,000
Merchandise inventory 51,125
Raw materials inventory 48,125
Work in process inventory 35,000
Finished goods inventory 55,000
Accounts receivable, net 65,000 83,000
Prepaid expenses 3,000 600

1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company.

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2 )

Beck Manufacturing reports the following information in T-accounts for the current year.

Raw Materials Inventory
Debit Credit
Beginning 12,000
Purchases 48,000
Available for use 60,000
Direct materials used 47,000
Ending 13,000

Work in Process Inventory
Debit Credit
Beginning 14,600
Direct materials used 47,000
Direct labor 33,700
Overhead 68,000
163,300
Cost of goods manufactured 151,300
Ending 12,000

Finished Goods Inventory
Debit Credit
Beginning 18,700
Cost of goods manufactured 151,300
Available for sale 170,000
Cost of goods sold 151,300
Ending 18,700

1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

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1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. \& 2b. Prepare the current asset section of the balance sheet at December 31 for each company Complete this question by entering your answers in the tabs below. Prepare the current asset section of the balance sheet at December 31 for Company 1. Foods, is a merchandiser. 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. \& 2b. Prepare the current asset section of the balance sheet at December 31 for each company. Complete this question by entering your answers in the tabs below. Prepare the current asset section of the balance sheet at December 31 for Company 2 . Complete this question by entering your answers in the tabs below. Prepare the schedule of cost of goods manufactured for the year. 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Complete this question by entering your answers in the tabs below. Compute cost of goods sold for the year

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