Suppose Funtime purchases $62,000 of sportswear on account from Great Wear on December 1, 2012. Credit terms
Question:
1. Journalize the transactions for Funtime on December 1, 201 2, and December 8, 2012.
2. What was the final cost of this inventory for Funtime?
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Req 1 Journal DATE ACCOUNTS POST REF Dr Cr Dec 1 Inventory 62000 Accoun...View the full answer
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Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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