Entries by Munene david

During FY 2016 Bravo Manufacturing had total manufacturing costs

May 6, 2020 in /by

During FY 2016 Bravo Manufacturing had total manufacturing costs are $520,000. Their cost of goods manufactured for the year was $475,000.  The January 1, 2017 balance of Work-in-Process Inventory is $60,000. Use this information to determine the dollar amount of the FY 2016 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)   […]

 

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During 2018, Towson Company had credit sales of $46,000

May 6, 2020 in /by

During 2018, Towson Company had credit sales of $46,000 and cash sales of $14,000. In 2018 Towson collected $31,000 of accounts receivable resulting from sales on credit. Towson incurred operating expenses of $61,000; of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year-end. In addition to these operating expenses, Towson also […]

 

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bank reconciliation revealed cash per the bank statement of $1,484

May 6, 2020 in /by

bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, deposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is? Question 1 options: $1,777 $1,479 $1,490 $1,580   Looking for a Similar Assignment? Order now and […]

 

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During 2018, Towson Company had credit sales of $46,000 and cash sales

May 6, 2020 in /by

During 2018, Towson Company had credit sales of $46,000 and cash sales of $14,000. In 2018 Towson collected $31,000 of accounts receivable resulting from sales on credit. Towson incurred operating expenses of $61,000; of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year-end. In addition to these operating expenses, Towson also […]

 

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