After years of doing their own bookkeeping and preparing all of their tax documents in-house, the Watkins BookStop is have a formal financial statement prepared. Write a short essay citing two possible reasons they would need a financial statement prepared.​

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What is the relationship between credit and debt?

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: