A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2011. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109.
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Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January 1 $ 53,800 Work in Process, December 31 38,900 Total Factory overhead 7,400 Direct materials used 14,400 Direct labor
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