Information related to harwick co. is presented below.1. on april 5, purchased merchandise from botham company for $38,700, terms 3/10, net/30, fob shipping point.2. on april 6, paid freight costs of $830 on merchandise purchased from botham.3. on april 7, purchased equipment on account for $28,900.4. on april 8, returned damaged merchandise to botham company and was granted a $5,400 credit for returned merchandise5. on april 15, paid the amount due to botham company in full. prepare the journal entries to record these transactions on the books of harwick co. under a perpetual inventory system.

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Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

You would like to compare your firm's cost structure to that of your competitors. however, your competitors are much larger in size than your firm. which one of these would best enable you to compare costs across your industry? common-size income statement. pro forma balance sheet. statement of cash flows. common-size balance sheet