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Prepareastatementofcostofservicessold.
Prepareastatementofcostofservicessold. 1. CorlisCustomBuildersdesignsdecks,gazebos,andplayequipmentforresidentialhomes.ThefollowingwasprovidedfortheyearendedSeptember30,2016: Directlabor $600,000 Directmaterialpurchases 40,000 Administrative 130,000 Overhead 75,000 Selling 265,000 Beginningdirectmaterialsinventory 20,000 Beginningdesignsinprocess 14,000 Endingdirectmaterialsinventory 10,000 Endingdesignsinprocess 39,000 Theaveragedesignfeeis$700.Therewere2,000designsprocessedduringtheyear. Required: a. Prepareastatementofcostofservicessold. b. Prepareanincomestatement. c. Discussthreedifferencesbetweenservicesandtangibleproducts. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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27 May 2016
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Prepareastatementofcostofservicessold.
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