Compute the EPS of Company CG for 2016 and 2017.

Question

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Answer 1

Question

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

(b)

To determine

Compute the comment on the changes.

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

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1. Armor Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $22,700. Work in Process Inventory Beginning balance @ 12/1: 420 units, 10% completed $ 26,000 Completed 1,050 units and transferred them to finished goods inventory $ 217,291 Direct materials 74,000 Direct labor 50,000 Overhead Property taxes 16,000 Depreciation 47,000 Utilities 31,000 Indirect labor 14,000 Ending balance @ 12/31: 405 units, 20% completed $ 40,709 Cost per equivalent unit for conversion under the FIFO method is calculated to be (rounded): 2. Shyne Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (38,000 units): Direct materials (96% completed) $ 122,600 Conversion (54% completed) 77,050 Balance in work in process inventory, July 1 $ 199,650 Units…

Answer 2

Question

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

(b)

To determine

Compute the comment on the changes.

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

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Answer 3

Question

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

(b)

To determine

Compute the comment on the changes.

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

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Answer 4

Question

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

(b)

To determine

Compute the comment on the changes.

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

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Answer 5

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

(b)

To determine

Compute the comment on the changes.

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

Answer 6

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

Answer 7

Chapter 2, Problem 7E

(a)

To determine

Compute the EPS of Company CG for 2016 and 2017.

Answer 8

(b)

To determine

Compute the comment on the changes.

Answer 9

(b)

To determine

Compute the comment on the changes.

Answer 10

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

Answer 11

(c)

To determine

Compute how the answer computed in part (a) changes if dividends were paid.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 2 - Prob. 1Q Ch. 2 - Prob. 2Q Ch. 2 - Prob. 3Q Ch. 2 - Prob. 4Q Ch. 2 - Prob. 5Q Ch. 2 - Prob. 6Q Ch. 2 - Prob. 7Q Ch. 2 - Prob. 8Q Ch. 2 - Prob. 9Q Ch. 2 - Prob. 10Q

Compute the EPS of Company CG for 2016 and 2017.

Compute the EPS of Company CG for 2016 and 2017.

Compute the comment on the changes.

Compute how the answer computed in part (a) changes if dividends were paid.

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Chapter 2 Solutions