At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 and sales for the year total $27,400,000. a. The allowance account before adjustment has a debit balance of $9,500.
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The period manufacturing costs of a company is comprised of $2,000,000 in direct materials, $1,000,000 in direct labor, and $500,000 in overhead, resulting in 7,000 units of product.
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