Pearson eText for Governmental and Nonprofit Accounting -- Instant Access (Pearson+)
11th Edition
ISBN: 9780137561667
Author: Robert Freeman, Craig Shoulders
Publisher: PEARSON+
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Kepler Manufacturing has $18,000 of ending finished goods inventory as of December 31, 2023. If beginning finished goods inventory was $8,000 and the cost of goods sold (COGS) was $55,000, how much would Kepler report for cost of goods manufactured?
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- NDB Company has a factory with fixed costs of $650,000 and a production capacity of 225,000 units annually. Its product sells with a 36% contribution margin. The target profit is $470,000. At full production, what does the selling price per unit need to be? Show your complete solution.arrow_forwardFinancial accountingarrow_forwardOn July 1, 2024, Lakeside Fitness Center received $48,000 in advance for a 24-month membership program. By December 31, 2024, six months of membership services have been provided. What adjusting entry should be recorded on December 31, 2024?arrow_forward
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