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Quiz #3 Professor Talbot Grade 0 Name______________________________________ Start time_________________ Finish time__________________ Spring 2016...

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Quiz #3 Professor Talbot Grade 0 Save this Fle as: Last Name_First name_ACCT 301_Quiz 3 Name______________________________________ Start ±me_________________ ²inish ±me__________________ Spring 2016 ACCT 301 UMUC Welcome to Quiz 3 Once you open up the exam found in the assignment sec±on under quiz 3, You will have 2.5 hours to complete the quiz, closed book with no resources other than one page of your personal notes. Please turn in the one page of personal notes with this excel Fle a³er these instuc±ons in the assignment sec±on. Also on the top of the page annotate your start ±me and ending ±me and it should be no longer than 2 1/2 hours. Please study for this quiz as a closed book test and study like you would any quiz that you take in the classroom. Principlesof accoun±ng.com Chapter 9 Stock Investments Chapter 13 Long Term Liabili±es and Bonds Chapter 16 Analysis Using the Statement of Cash ²lows Chapter 16 Analysis, Interpreta±on: ²inancial Statements Chapter 17 Managerial Accoun±ng Concepts and Chapter 18 Job Cost Systems Chapter 19 Process Cost Systems and Ac±vity Based Cost Good luck on the quiz and make sure that you upload the excel document by Thursday at 11:59 in the assignment sec±on of the Leo classroom. Save this Fle as: ²ailure to follow these instruc±ons will result in a reduc±on in points on Quiz 3 ²ile name: Last Name_First name_ACCT 301_Quiz 3 Total Quiz is worth 100 points. Each mul±ple choice ques±on is worth 2 points, each exercise is worth 10 points.
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Exercise #1 Points Answers Manufacturing costs for Calvin Company for selected months are as follows: a April July October b Beginning work in process $80,000 (f) $98,000 c Direct materials used 280,000 190,000 155,000 d Direct labor 195,000 170,000 (j) e Manufacturing overhead (a) 150,000 90,000 f Total manufacturing costs 890,000 510,000 450,000 g Total cost of work in process (b) 640,000 (k) h Ending work in process 75,000 (g) (l) i Cost of goods manufactured (c) 525,000 385,000 j Beginning Fnished goods (d) 38,000 (m) k Cost of goods available for sale 960,000 (h) 480,000 l Ending Fnished goods (e) 75,000 (n) m Cost of goods sold 820,000 (i) 355,000 n Instruc±ons e. Total number of shares authorized is______________. Indicate the missing amounts. (Show computations.)
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ACCT 301  QZ3 - answers.xlsx

Exercise #1 Points
Answers Manufacturing costs for Calvin Company for selected months are as follows:
April July October a 415000 Total manufacturing cos b 970,000 Beginning WIP + total m Total...

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