CH01 – Delray Mfg
Managerial Accounting
Wild and Shaw
07th Edition
Prepare a schedule of Cost of Goods Manufactured
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Prepare a schedule of Cost of Goods Manufactured
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Prepare a schedule of cost of goods manufactured, gross profit, and inventory balances on Balance Sheet.
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Determine total of each production cost incurred for April (direct labor, direct materials, and applied overhead). Fill in a large grid.
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Prepare 13 journal entries for the month concerning materials, direct labor, overhead, WIP, FG, and Sales.
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Prepare the production department’s equivalent units of production.
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Given a list of transactions on the medical practice… post the entries in the ledger using the t-accounts, prepare a trial balance, and calculate the total assets, liabilities, and stockholders’ equity.
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Given account balances and transactions… record each transaction, record adjusting entries, prepare an adjusted trial balance, prepare an income statement, prepare a balance sheet, record closing entries, and lastly analyze company ratios.
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Given a list of transactions from throughout the year… prepare journal entries for each transaction along with determining the amounts that would be reported on the income statement, statement of comprehensive income, and balance sheet when categorizing the investments as securities available-for-sale.
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They give you a list of accounts and ask for the missing amounts (inventory, equipment, total assets, accounts payable, long-term debt). Part2 they ask for the balance sheet.
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Create a classified balance sheet for the Almway Corporation at December 31.
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