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Assume that you are preparing for a second interview with a manufacturing company. The company is impressed with your credentials, but it has several qualified applicants. You anticipate that in this second interview, you must show what you offer over other candidates. You learn the company is not satisfied with the timeliness of its information and its inventory management. The company manufactures custom-order holiday decorations and display items. To show your abilities, you plan to recommend that the company use a job order accounting system.
Required
In preparation for the interview, prepare notes outlining the following:
1. Your recommendation and why it is suitable for this company.
2. A general description of the documents thatthe proposed system requires.
3. How the documents in part 2 facilitate the operation of the job order accounting system.
Point Have students present a mock interview, one assuming the role of the president of the company and the other the applicant.
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Chapter 19 Solutions
Fundamental Accounting Principles
- Carla Vista Companyhad a January 1 inventory of $306,000 when it adopted dollar-value LIFO. During the year, purchases were $1,770,000 and sales were $3,010,000. December 31 inventory at year-end prices was $371,520, and the price index was 108. What is Carla Vista Company's Gross Profit? 2,662,960 1,277,240 1,281,040 1,305,520arrow_forwardGeneral accountingarrow_forwardSanju has $12,500 of net long-term capital gain and $7,800 of net short-term capital loss. This nets out to a: (a) $4,700 net long-term loss (b) $4,700 net long-term gain (c) $4,700 net short-term gain (d) $4,700 short-term lossarrow_forward
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