ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
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i need this question answer general accounting
Hula's Heavyweights, Inc., is a company that manufactures forklifts.
During the year, Hula purchased $1,450,000 of direct materials and
placed $1,500,000 worth of direct materials into production. Hula's
beginning balance in the Materials Inventory account was $320,000.
What is the ending balance in Hula's Materials Inventory account?
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- EXPERT OF GENERAL ACCOUNT ACCEPT ITarrow_forwardBillingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2016: Cost Retail Inventory, January 1 $ 53,000 $ 78,000 Purchases $3,22,360 $4,66,000 Net markups Net markdowns $ 8,000 $ 16,700 $ 3,92,000 Net sales Required: Estimate the ending inventory as of December 31, 2016.arrow_forwardNO AI ANSWERarrow_forward
- financial accountingarrow_forwardWhat is the opereting cash flow at this lavel of output? General accountingarrow_forwardPioneer Manufacturing has fixed costs of $60,000 and variable costs of $40 per unit. If they sell each unit for $100, how many units must be sold to earn a target profit of $40,000? (Round your answer)arrow_forward
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