Job3.docx - Job-order Costing T-Accounts Income Statement...

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Job-order Costing; T-Accounts; Income Statement Gold Nest Company is a family-owned enterprise that makes birdcages in Chinatown. A popular pastime among older Chinese men is to take their pet birds on daily excursions to teahouses and public parks. The birdcages are often elaborately constructed from exotic woods and contain porcelain feeding bowls and silver roosts. Gold Nest Company makes a broad range of birdcages that it sells through an extensive network of street vendors who receive commissions on their sales. All the company’s transactions with customers, employees, and suppliers are conducted in cash; there is no credit. The company uses a job-order costing system in which overhead is applied to
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