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Information About Carter Company for the Year Ending December 31

Question 158

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Information about Carter Company for the year ending December 31, 2011, is as follows:
Information about Carter Company for the year ending December 31, 2011, is as follows: Ending direct materials is 20 percent larger than beginning direct materials.Ending work in process is half of the beginning work in process.Ending finished goods increased by $8,000 during the year.Prime costs and conversion costs are 70 percent and 60 percent of total manufacturing costs added, respectively.Materials purchases are $113,200. Required: Note: Find the numbers for the income statement first. Ending direct materials is 20 percent larger than beginning direct materials.Ending work in process is half of the beginning work in process.Ending finished goods increased by $8,000 during the year.Prime costs and conversion costs are 70 percent and 60 percent of total manufacturing costs added, respectively.Materials purchases are $113,200.
Required:
Information about Carter Company for the year ending December 31, 2011, is as follows: Ending direct materials is 20 percent larger than beginning direct materials.Ending work in process is half of the beginning work in process.Ending finished goods increased by $8,000 during the year.Prime costs and conversion costs are 70 percent and 60 percent of total manufacturing costs added, respectively.Materials purchases are $113,200. Required: Note: Find the numbers for the income statement first. Note: Find the numbers for the income statement first.

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