Thomas Lumber Company produces furniture grade lumber and building grade lumber from a joint process. Sawdust, a by-product of the manufacturing process is sold to a local toy manufacturer to stuff leather toys for $10 per ton. In February, the company produced 3,00 . tons of sawdust. What is the entry to reduce the cost of the main products by the estimated sales value of the by-product?
a. By-product inventory $30,000
Work in process $30,000
b. Work in process $30,000
Other income $30,000
c. Cost of goods sold $30,000
By-product inventory $30,000
d. By-product inventory $30,000
Gain or loss on sale of by-product $30,000
a
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A) horizontal integration approach B) commercialization process C) guerrilla marketing technique D) blue ocean strategy E) lean dynamics approach
The body of law that is created by judges through their court decisions is known as _________________________.
Fill in the blank(s) with the appropriate word(s).
All the junior-level software engineers at Tlendink, a software company, who have a master's degree in business administration are given the opportunity to apply for the position of software engineering manager in the company. In the context of human resource (HR) planning, this scenario best illustrates _____.
A. management development B. employee selection C. employee separation D. internal recruitment
Foreign currency trading
A) takes place on organized exchanges. B) mostly entails small transactions. C) volume averages less than $1 billion per day. D) is conducted in less-than-competitive markets. E) takes place in markets similar to OTC stock markets.