Question
Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in
Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $ 4,277 , Receivables (net) $ 15,211 , Raw Materials $ 659 , and Prepaid Expenses $ 433
a) compute total units to be accounted for
b) total equivalent units of production: MATERIALS & CONVERSION COST
c) cost reconciliation schedule
Transferred out
materials
conversion cost
total cost
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International Public Financial Management Essentials Of Public Sector Accounting
Authors: Gary Bandy
1st Edition
081535634X, 978-0815356349
