Financial Accounting Reporting Analysis And Decision Making 6th Edition Shirley Carlon - Solutions

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6 calculate the present values in capital budgeting situations.
5 solve for present value of an annuity
4 identify the variables fundamental to solving present value problems and solve for present value of a single amount
3 solve for future value of an annuity
2 solve for future value of a single amount
1 distinguish between simple and compound interest
BE19 Calculate the number of periods of an annuity. LO5 Dylan Grey invests $8851.37 now for a series of $1000 annual returns beginning one year from now. Dylan will earn a return of 8% on the initial investment. How many annual payments of$1000 will Dylan receive? (Hint: Use table 4.)
BE18 Calculate the interest rate on an annuity. LO5 Annie Dublin purchased an investment for $11 469.92. From this investment, she will receive$1000 annually for the next 20 years starting 1 year from now. What rate of interest will Annie’s investment be earning for her? (Hint: Use table 4.)
BE17 Calculate the number of periods of a single amount. LO4 Michael Cork has been offered the opportunity of investing $24 719 now. The investment will earn 15% per year and at the end of that time will return Michael $100 000. How many years must Michael wait to receive $100 000? (Hint: Use table
BE16 Calculate the interest rate on a single amount. LO4 Kerry Rogers invests $1827 now and will receive $10 000 at the end of 15 years. What annual rate of interest will Kerry earn on her investment? (Hint: Use table 3.)
BE15 Calculate the maximum price to pay for a machine. LO6 Ramy Pty Ltd is considering purchasing equipment. The equipment will produce the following cash flows: Year 1, $30 000; Year 2, $40 000; Year 3, $50 000. Ramy Pty Ltd requires a minimum rate of return of 15%. What is the maximum price Ramy
BE14 Calculate the present value of a note. LO4, 5 Hung-Chao Yu Ltd issues a 10%, 6-year mortgage note on 1 January 2019 to obtain financing for new equipment. The terms provide for half-yearly instalment payments of $112 825. What were the cash proceeds received from the issue of the note?
BE13 Calculate the present value of a machine for purposes of making a purchase decision. LO6 Brian Sands owns a garage and is contemplating purchasing a tyre-retreading machine for$16 280. After estimating costs and revenues, Brian projects a net cash flow from the retreading machine of $2790
BE12 Calculate the present value of a note. LO4, 5 Caledonia Pty Ltd receives a $50 000, 6-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 12%. What is the present value of the note received by Caledonia?
BE11 Calculate the present value of an annuity investment. LO5 Jenna & Co. earns 11% on an investment that pays back $110 000 at the end of each of the next 4 years. What is the amount Jenna & Co. invested to earn the 11% rate of return?
BE10 Calculate the present value of an annuity investment. LO5 Kilarny Bros is considering investing in an annuity contract that will return $20 000 annually at the end of each year for 15 years. What amount should Kilarny Bros pay for this investment if it earns a 6% return?
BE9 Calculate the present value of a single amount investment. LO4 Pizzeria Ltd earns 11% on an investment that will return $875 000 in 8 years from now. What is the amount Pizzeria should invest now to earn this rate of return?
BE8 Calculate the present value of a single amount investment. LO4 Smolinski Ltd is considering an investment which will return a lump sum of $500 000 in 5 years from now. What amount should Smolinski Ltd pay for this investment to earn a 15% return?
BE7 Determining present values. LO4, 5(a) What is the present value of $10 000 due 8 periods from now, discounted at 8%? (b) What is the present value of $10 000 to be received at the end of each of 6 periods, discounted at 9%?
BE6 Using present value tables. LO4, 5 For each of the following cases, indicate (a) to what interest rate columns and (b) to what number of periods you would refer in looking up the discount rate.1. In table 3 (present value of 1):Annual rate Number of years involved Discounts per year(a) 12% 6
BE5 Calculate the future value of a single amount. LO2 Ron Watson borrowed $20 000 on 1 July 2014. This amount plus accrued interest at 6% compounded annually is to be repaid on 1 July 2019. How much will Ron have to repay on 1 July 2019?
BE4 Calculate the future value of a single amount and of an annuity. LO2, 3 David and Kathy Hatcher invested $5000 in a savings account paying 6% annual interest when their daughter, Sue, was born. They also deposited $1000 on each of her birthdays until she was 18 (including her 18th birthday).
BE3 Calculate the future value of a single amount. LO2 Porter Ltd signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $10 000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year.
BE2 Using future value tables. LO2, 3 For each of the following cases, indicate (a) to what interest rate columns and (b) to what number of periods you would refer in looking up the future value factor.1. In table 1 (future value of 1):Annual rate Number of years invested Compounded(a) 6% 5
BE1 Calculate the future value of a single amount. LO2 Don Smith invested $5000 at 6% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Don withdrew the accumulated amount of money. (a) What amount did Don withdraw
PSB18.12 Prepare responsibility report for an investment centre and calculate ROI. LO9 Kurian Manufacturing Ltd manufactures a variety of tools and industrial equipment. The entity operates through three divisions. Each division is an investment centre. Operating data for the Home Division for the
PSB18.11 Prepare responsibility report for a profit centre. LO8, 9 McCluskeyManufacturing operates the Home Appliance Division as a profit centre. Operating data for this division for the year ended 31 December 2020 are as follows:Budget Difference from budget Sales $2 400 000 $100 000 U Cost of
PSB18.10 Prepare reports for cost centres under responsibility accounting and comment on performance of managers. LO8, 9 Otto Products uses a responsibility reporting system. It has divisions in Christchurch, Melbourne and Adelaide. Each division has three production departments: Cutting, Shaping,
PSB18.9 Prepare flexible budget, budget report, and graph for manufacturing overhead. LO7 Tariq Manufacturing Pty Ltd produces one product, Kebo. Because of wide fluctuations in demand for Kebo, the Assembly Department experiences significant variations in monthly production levels.The master
PSB18.8 State total budgeted cost formula, and prepare flexible budget reports for 2 time periods.LO6, 7 Lorch Ltd uses budgets in controlling costs. The May 2019 budget report for the entity’s Packaging Department is as follows.LORCH LTD Budget report Packaging Department for the month ended 31
PSB18.7 Prepare flexible budget and budget report for manufacturing overhead. LO6, 7 Czernkowski & Co. estimates that 360 000 direct labour hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are
PSB18.6 Prepare budgeted statement of profit or loss and statement of financial position. LO4 Viola Industries’ statement of financial position at 31 December 2018 is presented below.VIOLA INDUSTRIES Statement of financial position as at 31 December 2018 ASSETS Current assets Cash $ 7 500
PSB18.5 Prepare purchases and statement of profit or loss budgets for a retail entity. LO2, 4, 5 The budget committee of Morris Ltd collects the following data for its Darwin store when preparing the budgeted statement of profit or loss for January and February 2020:1. Sales for January are
PSB18.4 Prepare cash budget for 2 months. LO3 Zhang Ltd prepares cash budgets on a monthly basis. Relevant data from operating budgets for 2020 are:January February Sales $ 360 000 $ 400 000 Direct materials purchases 125 000 130 000 Direct labour 90 000 100 000 Manufacturing overhead 70 000 75 000
PSB18.3 Prepare sales and production budgets and calculate cost per unit under two plans. LO2 David Chambers Ltd has sales in 2019 of $5 250 000 (656 250 units) and gross profit of$1 587 500. Management is considering two alternative budget plans to increase its gross profit in 2020.Plan A would
PSB18.2 Prepare sales, production, direct materials, direct labour and statement of profit or loss budgets. LO2, 4 Royal Palm Ltd is preparing its annual budgets for the year ending 30 June 2018. Accounting assistants furnish the following data for the company’s two products — RP 188 and RP
PSB18.1 Prepare a budgeted statement of profit or loss and supporting budgets. LO2, 4 Blue Mountain Farm Supply manufactures and sells a fertiliser called Basic II. The following data are developed for preparing budgets for Basic II for the first two quarters of 2018:1. Sales: quarter 1, 40 000
PSA18.12 Prepare responsibility report for an investment centre and calculate ROI. LO9 Ridder Manufacturing Ltd manufactures a variety of garden and lawn equipment. The entity operates through three divisions. Each division is an investment centre. Operating data for the Lawnmower Division for the
PSA18.11 Prepare responsibility report for a profit centre. LO8, 9 Loco Manufacturing operates the Furniture Division as a profit centre. Operating data for this division for the year ended 31 December 2019 are as follows.Budget Difference from budget Sales $2 500 000 $50 000 F Cost of sales
PSA18.10 Prepare reports for cost centres under responsibility accounting and comment on the performance of managers. LO8, 9 Ever Green Ltd is a fruit juice company that uses a responsibility reporting system. It has divisions in Brisbane, Sydney and Melbourne. Each division has three production
PSA18.9 Prepare a flexible budget, budget report and graph for manufacturing overhead. LO7 Tiger Manufacturing Pty Ltd produces one product: mingen. Because of wide fluctuations in demand for mingen, the Assembly Department experiences significant variations in monthly production levels. The master
PSA18.8 State total budgeted cost formula, and prepare flexible budget reports for 2 time periods.LO6, 7 Nigh Ltd uses budgets in controlling costs. The August 2020 budget report for the entity’s Assembling Department is as follows.NIGH LTD Budget report Assembling Department for the month ended
PSA18.7 Prepare flexible budget and budget report for manufacturing overhead. LO6, 7 Greish Ltd estimates that 240 000 direct labour hours will be worked during 2019 in the Assembly Department. On this basis, the following budgeted manufacturing overhead data are calculated.Variable overhead costs
PSA18.6 Prepare a budgeted statement of profit or loss and statement of financial position. LO4 Sage Industries’ statement of financial position as at 31 December 2018 is presented below.SAGE INDUSTRIES Statement of financial position as at 31 December 2018 ASSETS Current assets Cash $ 9 000
PSA18.5 Prepare purchases and statement of profit or loss budgets for a retail entity. LO2, 4, 5 The budget committee of Rex Ltd collects the following data for its Auckland Store to prepare the budgeted statements of profit or loss for July and August 2020.1. Expected sales: July, $400 000;
PSA18.4 Prepare cash budget for 2 months. LO3 Sierra Star prepares monthly cash budgets. Relevant data from operating budgets for 2020 are:January February Sales $350 000 $400 000 Direct materials purchases 95 000 110 000 Direct labour 80 000 95 000 Manufacturing overhead 60 000 75 000 Selling and
PSA18.3 Prepare sales and production budgets and calculate cost per unit under two plans. LO2 Hindu Industries had sales in 2019 of $6 300 000 and gross profit of $1 500 000. Management is considering two alternative budget plans to increase its gross profit in 2020.Plan A would increase the
PSA18.2 Prepare sales, production, direct materials, direct labour, and statement of profit or loss budgets. LO2, 4 Joe Dunham Ltd is preparing its annual budgets for the year ending 30 June 2018. Accounting assistants furnish the following data for the company’s two products — JB 50 and JB
PSA18.1 Prepare budgeted statement of profit or loss and supporting budgets. LO2, 4 Oakbrook Farm Supply Ltd manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2018:1. Sales: Quarter 1, 35 000 bags; quarter
E18.13 Calculate ROI for current year and for possible future changes. LO9 The Mastercraft Division of Sands Ltd reported the following data for the current year:Sales $3 600 000 Variable costs 2 160 000 Controllable fixed costs 720 000 Average operating assets 6 000 000 Top management is unhappy
E18.12 Calculate missing amounts in responsibility reports for two profit centres and prepare a report.LO9 Amanda Media Ltd has two divisions that are operated as profit centres. Budgeted operating data for the divisions for 2019 are as follows:Operating data Print Media Division Online Media
E18.11 Prepare reports in a responsibility reporting system. LO8 Aza Steel’s organisation chart includes the managing director; the production manager;three assembly factories — Brisbane, Adelaide and Perth; and two departments within each factory — Machining and Finishing. Budget and actual
E18.10 Prepare a flexible budget report and answer the question. LO7 As sales manager, Todd Keyser was given the following static budget report for selling expenses in the Clothing Department of O’Keefe Pty Ltd for the month of October.O’KEEFE PTY LTD Clothing Department Budget report for the
E18.9 Prepare a flexible manufacturing overhead budget and report and comment on findings. LO7 Deeva Ltd uses a flexible budget for manufacturing overhead based on direct labour hours.Variable manufacturing overhead costs per direct labour hour are as follows:Indirect labour $1.50 Indirect
E18.8 Prepare a purchases budget and budgeted statement of profit or loss for a retail entity. LO5 In May 2018, the budget committee of Railway Street Stores assembles the following data in the preparation of budgeted inventory purchases for the month of June:1. Expected sales: June $800 000, July
E18.7 Prepare a cash budget for 2 months. LO3 Sala Pty Ltd expects to have a cash balance of $32 000 on 1 January 2019. Relevant monthly budget data for the first 2 months of 2019 are as follows:1. Collections from customers: January $87 000; February $169 000.2. Payments to suppliers: January $50
E18.6 Prepare a budgeted statement of profit or loss for the year. LO2, 4 Sally Ltd has accumulated the following budget data for the year 2019:1. Sales: 25 000 units; unit selling price $80.2. Cost of one unit of finished goods: direct materials 2 kilograms at $5 per kilogram; direct labour 3
E18.5 Prepare a direct labour budget. LO2 Manies Pty Ltd is preparing its direct labour budget for 2018 from the following production budget based on a calendar year:Quarter Units Quarter Units 1 20 000 3 35 000 2 25 000 4 30 000 Each unit requires 1.6 hours of direct labour.Required Prepare a
E18.4 Prepare production and direct materials budgets by quarters for 6 months. LO2 Kasper Ltd’s budget committee has reached agreement on the following data for the 6 months ending 30 June 2019:Sales units (by quarters) (1) 6000, (2) 9000 Ending raw materials inventory 50% of the next
E18.3 Define terms in budgeting and responsibility accounting. LO2, 7, 8, 9 Complete the following statements with one of the terms listed below (some terms may not be used):Sales budget Return on investment Cost centres Master budget Investment centres Flexible budget Profit centres Static budget
E18.2 Prepare quarterly production budgets. LO2 S. Stahl Pty Ltd produces and sells two types of car batteries, the heavy-duty HD-240 and the long-life LL-250. The 2019 sales budget for the two products is as follows:Quarter HD-240 LL-250 1 7 000 12 000 2 9 000 20 000 3 10 000 22 000 4 12 000 40
E18.1 Prepare a sales budget for 2 quarters. LO2 L. Quick Electronics Ltd produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $20, respectively. Because of the intense competition Quick faces, management budgets sales semi-annually. Its
BE18.8 Calculate return on investment using the ROI formula and under changed conditions. LO9 For its three investment centres, Dingo Ltd accumulates the following data:A B C Sales $2 400 000 $3 600 000 $4 800 000 Controllable margin 1 800 000 2 880 000 3 840 000 Average operating assets 7 200 000
BE18.7 Prepare a responsibility report for a profit centre. LO9 Lehman Manufacturing accumulates the following summary data for the year ending 31 December 2019 for its Aqua Division, which it operates as a profit centre: sales —$2 500 000 budget, $2 600 000 actual; variable costs — $1 500 000
BE18.6 Show usefulness of flexible budgets in evaluating performance. LO7 In Birch Ltd, direct labour is $20 per hour, and the business expects to operate at 10 000 direct labour hours each month. In January, direct labour totalling $207 000 is incurred in working 10 800 hours. Prepare a static
BE18.5 Review business performance by preparing a budget report. LO6 Marco Hass started his Marco Consulting business in 2019. The following is Marco’s projection for the year:Service revenue $85 000 Salary expense 55 000 Rent expense 12 000 Other operating expenses 10 000 The actual results for
BE18.4 Prepare a budgeted statement of profit or loss for the year. LO4 Birtles Pty Ltd has completed all of its operating budgets. The sales budget for the year shows 60 000 units and total sales of $3 000 000. The total unit cost of making one unit of sales is $35.Selling and administrative
BE18.3 Prepare data for a cash budget. LO3 Liang Industries expects credit sales for January, February and March to be $300 000, $275 000 and $450 000, respectively. It is expected that 60% of the sales will be collected in the month of sale, and 40% will be collected in the following month.
BE18.2 Prepare a direct labour budget for two quarters. LO2 For Haught & Son, units to be produced are 5000 in quarter 1 and 6000 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $12 per hour. Prepare a direct labour budget, by quarters, for the 6
BE18.1 Prepare a diagram of a master budget. LO2 O’Connor Manufacturing uses the following budgets: statement of financial position, capital expenditure, cash, direct labour, direct materials, statement of profit or loss, manufacturing overhead, production, sales, and selling and administrative
E17.13 Prepare a CVP statement of profit or loss before and after changes in business environment. LO6 Chalet Ltd had sales in 2019 of $1 500 000 on 60 000 units. Variable costs totalled $720 000, and fixed costs totalled $500 000.A new raw material is available that will decrease the variable
E17.12 Calculate contribution margin and determine the product to be manufactured. LO6 Sensor Pty Ltd manufactures and sells three products. Relevant per unit data concerning each product are given below:Product A B C Selling price $8 $12 $14 Variable costs and expenses $3 $ 8.50 $12 Machine hours
E17.11 Calculate and prove the break-even point in units with sales mix. LO6 The Home Appliance Centre sells three models of Super Clean dishwashers. Selling price and variable cost data for the models are as follows:Economy Standard Deluxe Unit selling price $500 $650 $800 Unit variable costs $400
E17.10 Calculate sales mix, weighted average unit contribution margin, and break-even point. LO6 The following information is selected from the records of Burnie Ltd, which produces and sells two products:Product X Product Y Selling price per unit $11.00 $18.00 Units sold 80 000 40 000 Variable
E17.9 Calculate profits under different alternatives. LO4 Pepper Ltd reports the following operating results for the month of April 2018: Sales $900 000(units 10 000), variable costs $630 000 and fixed costs $230 000. Management is considering the following independent courses of action to increase
E17.8 Calculate profits under different alternatives. LO4 Angel Ltd reports the following operating results for the month of August: Sales $400 000 (units 5000), variable costs $290 000 and fixed costs $90 000. Management is considering the independent courses of action shown below to increase
E17.7 Calculate various components to derive target profit under different assumptions. LO5 Vowell Ltd had $90 000 profit in 2018 when the selling price per unit was $150, the variable costs per unit were $90 and the fixed costs were $630 000. Management expects per-unit data and total fixed costs
E17.6 Calculate variable cost per unit, contribution margin ratio, and increase in fixed costs. LO4 In 2019, Wiggins Ltd had a break-even point of $350 000 based on a selling price of $7 per unit and fixed costs of $105 000. In 2020, the selling price and the variable cost per unit did not change,
E17.5 Prepare a CVP graph and calculate break-even point and margin of safety. LO4 True & Co. estimates that variable costs will be 50% of sales and fixed costs will total $700 000.The selling price of the product is $4.Required(a) Use an Excel spreadsheet to prepare a CVP graph, assuming maximum
E17.4 Calculate contribution margin, break-even point and margin of safety. LO4 In the month of March, Maria’s Beauty Salon gave 2800 haircuts, shampoos and colour treatments at an average price of $40. During the month, fixed costs were $21 000 and variable costs were 70% of sales.Required(a)
E17.3 Calculate cost and prepare a statement of profit or loss under variable costing. LO2 Deskmate Ltd manufactures and distributes printers. The following costs are available for the year ended 30 June 2019:Variable costs per unit Direct materials $60 Direct labour 45 Variable manufacturing
E17.2 Define and classify variable, fixed, and mixed costs. LO1 Massey & Co. manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production:Costs incurred Production in units 5000 10 000 Production costs Total cost Cost/unit
E17.1 Define terms used in CVP analysis. LO1, 2, 4 Complete the following statements with one of the terms listed below (some terms may not be used):Margin of safety Total fixed costs Mixed cost Unit variable cost Contribution margin Total variable cost Absorption costing Variable cost Break-even
BE17.8 Show allocation of limited resources. LO6 In Cruz Ltd, data concerning two products are: contribution margin per unit — Product A $10, Product B $12; machine hours required for one unit — Product A 2, Product B 3. Calculate the contribution margin per unit of limited resource for each
BE17.7 Calculate break-even sales units for two products. LO6 Loos Pty Ltd sells three units of AA to one unit of BB; the two products have contribution margins of $100 and $200, respectively. Fixed costs are $300 000. Calculate the unit sales at the break-even point. How many units of each product
BE17.6 Prepare CVP statement of profit or loss. LO7 Whitehead Manufacturing Ltd has sales of $2 300 000 for the first quarter of 2019. In making the sales, the entity incurred the following costs and expenses:Variable Fixed Cost of sales $785 000 $600 000 Selling expenses 195 000 80 000
BE17.5 Calculate sales for target profit. LO5 In Ranch Ltd variable costs are 75% of sales, fixed costs are $180 000 and management’s profit goal is $60 000. Calculate the required sales needed to achieve management’s target profit of$60 000. (Use the mathematical equation approach.)
BE17.4 Calculate the break-even point. LO4 Smart Ltd has a unit selling price of $500, variable costs per unit of $325 and fixed costs of $140 000. Calculate the break-even point in units using (a) a mathematical equation and(b) contribution margin per unit.
BE17.3 Determine missing amounts for contribution margin. LO4 Determine the missing amounts.Unit selling price Unit variable costs Contribution margin per unit Contribution margin ratio 1. $400 $240 (a) (b)2. $700 (c) $140 (d)3. (e) (f) $480 40%
BE17.2 Explain the difference in profit calculation between absorption costing and variable costing. LO2 Your friend Kate, who has recently completed a massage therapy course, is considering starting a mobile massage therapy business. Explain to Kate whether absorption and variable costing will
BE17.1 Classify costs as variable, fixed or mixed. LO1 Monthly production costs in Kiwi & Co. for two levels of production are as follows:Cost 2000 units 4000 units Indirect labour $10 000 $20 000 Supervisors’ salaries 5 000 5 000 Maintenance 3 000 3 600 Indicate which costs are variable, fixed
E16.13 Classify activities as value-added or non-value-added. LO9 Groat and Groat is a law firm that is initiating an activity-based costing system. Jim Groat, the senior partner and a strong supporter of ABC, has prepared the following list of activities performed by a typical solicitor in a day
E16.12 Assign overhead using traditional costing and ABC; classify activities as value- or non-valueadded and by level. LO7, 9 Stylish Clothing Ltd manufactures its own designed and labelled sports attire and sells its products through catalogue sales and retail outlets. While Stylish has for years
E16.11 Calculate overhead rates and assign overhead using ABC. LO7, 8 Amend Instrument Ltd manufactures two products: missile range instruments and space pressure gauges. During January, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $89 000 were incurred. An
E16.10 Identify activity cost drivers and classify activities as value-added or non-value-added. LO7, 9 Valliance Vineyards produces three varieties of wine: Merlot, Shiraz and Pinot Noir. The wine master, Sue, has identified the following activities as cost pools for accumulating overhead and
E16.9 Calculate activity-based overhead rates. LO7 Robina Jam Factory produces two types of jam: blueberry and raspberry. Planned production for August is 4500 bottles of blueberry jam and 13 500 bottles of raspberry jam. Estimated overhead for August is $53 750. The following data summarises
E16.8 Explain the production cost report. LO6 Larry Lair has recently been promoted to production manager, and so he has just started to receive various management reports. One of the reports he has received is the production cost report that you prepared. It showed that his department had 1000
E16.7 Journalise transactions for two processes. LO5 Henderson Manufacturing has two production departments: Cutting and Assembly. 1 July inventories are Raw materials $4200, Work in process—Cutting $2900, Work in process—Assembly$10 600; and Finished goods $31 000. During July, the following
E16.6 Prepare a production cost report. LO6 The Welding Department of Nagano Manufacturing has the following production and manufacturing cost data for February 2019. All materials are added at the beginning of the process.Manufacturing costs Production data Beginning work in process Beginning work
E16.5 Determine equivalent units, unit costs and assignment of costs. LO5, 6 The Blending Department of Kohler Ltd has the following cost and production data for the month of July:COSTS Work in process, 1 July Direct materials: 100% complete $ 100 000 Conversion costs: 20% complete 70 000 Cost of

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Financial Accounting Reporting Analysis And Decision Making 6th Edition Shirley Carlon - Solutions

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