Acct 212 chapter 18 | Business & Finance

Exercise 18-7 Balance sheet identification and preparation L.O. C4
[The following information applies to the questions displayed below.]

Current assets for two different companies at calendar year-end 2011 are listed here. One is a manufacturer, Roller Blades Mfg., and the other, Sunny Foods, is a grocery distribution company.



Company 1

Company 2











  Raw materials inventory








  Merchandise inventory








  Goods in process inventory








  Finished goods inventory








  Accounts receivable, net









  Prepaid expenses









value:1.00 points
Exercise 18-7 Part 1.1


 Identify which set of numbers relates to the manufacturer.









$ [removed]   



value:2.00 points
Exercise 18-13 Cost flows in manufacturing L.O. C5

The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes.
























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$ [removed]

























$ [removed]


$ [removed]


































$ [removed]  












$ [removed]




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