Find the beg. balance of Work in Process - Refining Department. The book says the balance was in the given information. I put the given info. in gray.© BrainMass Inc. brainmass.com October 24, 2018, 8:24 pm ad1c9bdddf
March 1 in process inventory
Raw Materials 25000
Direct Labor 4000
Cost incurred during March
Materials Used 115000
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Analytical procedures-Ratio relationships
State how the ratio in question would compare(greater, equal, or less) to what the ratio should have been had the error or fraud not occurred.
The company recorded fictitious sales with credits to sales revenue accts. and debits to A/R. Inventory was reduced, and cost of goods sold was increased for the profitable sales. Is the current ratio great than, equal to, or less than what it should have been?View Full Posting Details