CH03 – A Production Department
Managerial Accounting
Wild and Shaw
07th Edition
Prepare the production department’s equivalent units of production.
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Prepare the production department’s equivalent units of production.
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Compute the number of equivalent units
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Given data at year-end along with beginning and ending account balances… prepare an income statement, cost of goods sold schedule, and cost of goods manufactured schedule.
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Given T-accounts… calculate the cost of raw materials, indirect materials, indirect labor costs, costs of goods manufactured, unadjusted cost of goods sold, predetermined rate, ending work in process, direct materials cost, and applied overhead cost.
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