ACCT 2020_Check_Figures

ACCT 2020_Check_Figures - Check Figures for Accounting...

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Check Figures for Accounting 2020: Chapter 16 E16-7: Current ratio - 2.3 to 1; Average sale period - 81.1 days E16-8: Earnings per share - $3.50 per share; Dividend yield ratio - 5% E16-9: Return on common stockholders' equity - 12.7% P16-16: 3) Increase; 8) Decrease; 12) No effect Chapter 2 E2-11: Cost of goods manufactured - $265,000; Cost of goods sold - $250,000 E2-12: 1b) Work in process inventory - $7,500; 1d) Cost of Goods Sold - $47,250 P2-25: Case 1 - Ending work in process inventory - $3,000; Case 2 - Goods available for sale - $16,500; Case 3 - Beginning finished goods inventory - $3,500; Case 4- Gross margin - $24,000 Chapter 3 P3-23: 1h) Debit Work in Process and credit Manufacturing Overhead for $350,000; 2) Ending Work in Process balance - $14,000; 4) Net operating income - $57,000 P3-28: 2) Total overhead cost - $2,136; 4) Molding department - $11,000 underapplied P3-30: 3) Indirect labor cost - $30,000; 7) Overapplied overhead - $10,000 Chapter 8
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This note was uploaded on 08/22/2011 for the course ACCT 2020 taught by Professor Larkin,r during the Spring '08 term at Utah State University.

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ACCT 2020_Check_Figures - Check Figures for Accounting...

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