Question
The following information is available for the Green Manufacturing company for 2020. (Click the icon to view the information.) Requirement Assume that all raw
The following information is available for the Green Manufacturing company for 2020. (Click the icon to view the information.) Requirement Assume that all raw materials are purchased on credit and all sales are credit sales. Compute the missing amounts above. Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 150,000 Raw materials, January 1, 2020 8,000 Work in process, January 1, 2020 21,000 Finished goods, January 1, 2020 70,000 Accounts receivable, December 31, 2020 130,000 Accounts payable, December 31, 2020 220,000 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 61,000 45,000
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