Oxford Manufacturing Company completed jobs that cost $48,000 to produce
In the same period,
the company sold jobs for $102,000 that cost $53,000 to produce. Prepare the journal entries for the completion and sales of the jobs. All sales are on account. Omit explanations.
What will be an ideal response
Finished Goods Inventory 48,000
Work-in-Process Inventory 48,000
Accounts Receivable 102,000
Sales Revenue 102,000
Cost of Goods Sold 53,000
Finished Goods Inventory 53,000
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Compared to an employee, an independent contractor is characterized by:
A) Less ability to hire others to assist her. B) Not being paid as much for the work performed. C) More freedom to do her work in the manner she determines. D) A lack of liability for her own actions.
Blue-collar jobs include all but which one of the following?
(a) miners (b) medical technicians (c) manufacturing workers (d) heavy equipment operators