The following information is available for Flounder Company. January 1, 2022 $18,800 12,300 24,350 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue 2022 $135,000 198,000 162,000 819,000 December 31, 2022 $27,000 15,550 18,900

The following information is available for Flounder Company. January 1, 2022 $18,800 12,300 24,350 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue 2022 $135,000 198,000 162,000 819,000 December 31, 2022 $27,000 15,550 18,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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