Ethics in Accounting: A Decision-Making Approach
1st Edition
ISBN: 9781118928332
Author: Gordon Klein
Publisher: WILEY
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Franklin Company had a beginning raw materials inventory of $9,500. During the period, the company purchased $52,000 of raw materials on account. If the ending balance in raw materials was $7,000, the amount of raw materials transferred to work in process inventory is:
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A company carries an average annual inventory of $4.3 million if it estimates the cost of capital is 13% so much costs are 9% and risk calls are 8%. What does it cost per year to carry this inventory?
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