B-08.01 Problem

B-08.01 Problem - B-08.01 C & L Coach buys luxury cars from...

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B-08.01 C & L Coach buys luxury cars from manufacturers and then "saws them in half" and adds a number of components to upgrade and stretch them into exotic limousines. Examine the following items and decide if each should be included in inventory. If so, should the item be shown as raw materials, work in process, or finished goods? Inventory Category Yes No Raw Material Work in Process Finished Goods Finished stretch limos awaiting sale √√ Limos under production that have been ordered by specific customers and a
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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