Chapter 7, Problem 21P

Provide answer general accounting

If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost of goods manufactured is $183,000, what is the total manufacturing cost for the period?

Suppose that Dunn Industries has annual sales of $4.07 million, cost of goods sold of $1,720,000, average inventories of $1,075,000, and average accounts receivable of $744,000. Assume that all of Dunn's sales are on credit. What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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General accounting MCQ

5 PTS

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