Accounting Information Systems
Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
Question
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Chapter 5, Problem 8ICC

a.

To determine

Prepare a data flow diagram of the current system.

b.

To determine

Prepare the system flowchart of the existing system.

c.

To determine

Explain the physical internal control weaknesses in the system.

d.

To determine

Explain the IT controls that should be placed in the system.

e.

To determine

Create a system flowchart of a redesigned computer-based system that resolves the control weaknesses identified.

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Can you help me solve this general accounting problem using the correct accounting process?
Fleetwood Manufacturing has provided the following data for the month of May. The balance in the Finished Goods inventory account at the beginning of the month was $94,200 and at the end of the month was $89,300. The cost of goods manufactured for the month was $428,700. The actual manufacturing overhead cost incurred was $152,800 and the manufacturing overhead cost applied to jobs was $158,400. The adjusted cost of goods sold that would appear on the income statement for May is __.
Please provide the correct answer to this general accounting problem using accurate calculations.

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Accounting Information Systems

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