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The following information is available for Kingbird Company. January 1, 2025 2025 December 31, 2025 Raw materials inventory $21,200 $30,600 Work in process inventory
The following information is available for Kingbird Company. January 1, 2025 2025 December 31, 2025 Raw materials inventory $21,200 $30,600 Work in process inventory 14,100 17,650 Finished goods inventory 27,650 21,420 Materials purchased $153,000 Direct labor 224,400 Manufacturing overhead 183,600 Sales revenue 928,200 Show the presentation of the ending inventories on the December 31, 2025, balance sheet. KINGBIRD COMPANY Balance Sheet (Partial) For the Year Ended December 31, 2025 ASSETS EA
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
