Raj Trading reported the following amounts in its financial statements: In making the physical count of inventory, the following errors were made: (1) Inventory on Dec. 31, 2014: included $25,000 of goods that were on consignment from a friend of the owner. (2) Inventory on Dec. 31, 2015: did not count a section of inventory, $42,000. Requirements For each of the preceding financial statement items—(a), (b), (c), and (d)—prepare a schedule and show the adjustments that would have been necessary to correct the reported amounts.
Raj Trading reported the following amounts in its financial statements In
Using budget data, how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to...