The 2010 financial statements for Armstrong and Blair companies are summarized h

Question

The 2010 financial statements for Armstrong and Blair companies are summarized here: Armstrong Company Blair Company Balance Sheet Cash $ 35,000 $22,000 Accounts Receivable, Net 40,000 30,000 Inventory 100,000 40,000 Property and Equipment, Net 180,000 300,000 Other Assets 45,000 408,000 Total Assets $400,000 $ 800,000 Current Liabilities $100,000 $50,000 Long-term Debt 60,000 370,000 Total Liabilities 160,000 420,000 Common Stock (par $10) 150,000 200,000 Additional Paid-in Capital 30,000 110,000 Retained Earnings 60,000 70,000 Total Liabilities and $ 400,000 $ 800,000 Stockholders

Explanation / Answer

https://docs.google.com/viewer?a=v&q=cache:GxZn5so-K8IJ:ww2.justanswer.com/uploads/BusinessTutor/2011-01-19_190219_jjpotter.docx+The+accounting+records+of+NuTronics,+Inc.,+include+the+following+information+for+the+year+ended+December+31,+2011.+Dec.+31+Jan.+1+Inventory+of+materials+%24+24,000+%24+20,000+Inventory+of+work+in+process+8,000+12,000+Inventory+of+finished+goods+90,000+80,000+Direct+materials+used+219,000+Direct+labor+107,000+Selling+expenses+170,000+General+and+administrative+expenses+140,000+Overhead+is+assigned+to+production+at+%24192,000.+a.+Prepare+a+schedule+of+the+cost+of+finished+goo&hl=en&gl=in&pid=bl&srcid=ADGEESj9TZN5kYNgTpbVXwdK8Uy3Ff-d5fprc0sdKZu5151ml32pOCnbw_YYNyIHX4kNHWCwfdSvCWf3xpXxth18YKraeDQ5drf_Y_BAvdcVKp76a0yEe0g74_66Xe6MyRTaVtnrxC_p&sig=AHIEtbRfXFimYaT3uwzuHHXk2DoJ_fLDBA

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.