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Author Question: The following information pertains to Expert System Corporation: Beginning work-in-process ... (Read 323 times)

Yi-Chen

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on: Mar 6, 2021

Question 1

For last year, Watson Limited reported revenues of $420,000, cost of goods sold of $118,000, cost of goods manufactured of $105,000, and total operating costs of $60,000. Operating income for that year was ________.
◦ $315,000
◦ $302,000
◦ $255,000
◦ $242,000

Question 2

The following information pertains to Expert System Corporation:

Beginning work-in-process inventory$18,000
Ending work-in-process inventory25,000
Beginning finished goods inventory36,000
Ending finished goods inventory31,000
Cost of goods manufactured241,000
Sales302,000

 What is the gross profit margin earned by the company?
◦ $56,000
◦ $63,000
◦ $68,000
◦ $66,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Yi-Chen on Mar 6, 2021

stillxalice

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Jenna Ronshak

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Reply #2 on: Jul 24, 2022
Thank you


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