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Complete Case details are given below :
Case Name : Cabinet Creations Ltd.
Authors : Elizabeth M.A. Grasby, Ian Dunn
Discipline : Accounting
Case Length : 09 pages
Solution sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
Cabinet Creations is a woodwork company specializing in the manufacture and distribution to retailers of kitchen cabinet doors. The owner wants to assess the company's second fiscal year of operations. Students are asked to (1) identify and record the cost of raw materials used, cost of work-in-process, cost of finished goods manufactured and cost of goods sold; (2) determine the cost of work in process, calculate partial factory overhead; (3) record the issuance of conversion of preferred shares; (4) record the declaration and payment of dividends; record the purchase and sale of marketable securities - stocks and bonds, and its subsequent interest revenue.
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