Chapter 11, Problem 11ICA

A company sold goods for $12,000 on credit and later allowed a sales return of $2,000. Calculate the net sales to be reported in the income statement and explain the reasoning behind adjusting for returns. HELP

Conversion cost per unit equals $6. Total materials costs equal $60,000. Equivalent units for materials are 12,000. How much is the total manufacturing cost per unit?

The contribution margin per unit was____.

What is its working capital ??

Help me solve this Accounting problem

Please explain the solution to this financial accounting problem with accurate explanations.

I need help with this general accounting problem using proper accounting guidelines.

During the year ended December 31, 2023, Ever glow Technologies Inc. earned$3,950,000 in net income after taxes. The company reported $278,000 of net unrealized gains on available-for-sale securities (net of taxes), and $190,000in foreign currency translation gains from the consolidation of its Canadian subsidiary (net of taxes). Prepare the Statement of Comprehensive Income for Ever glow Technologies Inc. for the year ended December 31, 2023. (In Table Format)

Please provide the accurate answer to this financial accounting problem using appropriate methods.