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.
Raw materials inventory
Goods in process inventory
Finished goods inventory
Accounts receivable, net
Exercise 18-7 Part 1.1
Identify which set of numbers relates to the manufacturer.
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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