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Homework answers / question archive / 1  Question 15 Not yet answered A manufacturing process is used to produce masses of identical units

1  Question 15 Not yet answered A manufacturing process is used to produce masses of identical units

Accounting

Question 15 Not yet answered A manufacturing process is used to produce masses of identical units. Given the following: WIP beginning (80 % Direct material, 60 % conversion) 500 units Started during current period 9,000 units WIP Ending (60 % Direct material, 40 % conversion) 1,500 units Marked out of 3.00 P Fog question Using FIFO method, the work done to date in current period in equivalent unit for material costs will be 1 ?. B I E E c? 1

3 tot Edge Company's salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2019 is as follows: 12/31/18 12/31/19 Employee advances £6,000 £9,000 Accrued salaries payable 32,500 Salaries expense during the year 325,000 Salaries paid during the year (gross) 312,500 At December 31, 2019, what amount should Edge report for accrued salaries payable? ? Answer:

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