SOLUTION: PROJECT WORK Q1.Assume the following data of Jimma Abba Jifar Waddesa Wooden product Furniture Factory as of January 1, 2016 as follows: Direct materials inventory January1 Bi

Question 1161667: PROJECT WORK
Q1.Assume the following data of Jimma Abba Jifar Waddesa Wooden product Furniture Factory as of January 1, 2016 as follows:
Direct materials inventory January1 Birr…………………..…....... 300,000
Direct materials inventory January 31 Birr………..…………….... 134,000
. . . .
CGS
Record the necessary journal entry &
Prepare I/S (i. assume tax rate 30% , ii. Single steps, iii. Multiple steps.)
Answer by ikleyn(52925) (Show Source): You can put this solution on YOUR website!
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