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The Following Information Relates to the Manufacturing Operations of the JNR

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The following information relates to the manufacturing operations of the JNR Printing Company for the year:  Beginning  Ending  Raw materials inventory $57,000$60,000 Finithed goods 68,00060,000\begin{array} { l r r } & \text { Beginning }&\text { Ending } \\ \text { Raw materials inventory } & \$ 57,000 & \$ 60,000 \\\text { Finithed goods } & 68,000 & 60,000\end{array} The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:


Definitions:

Indirect Method

In finance, it refers to a cash flow statement approach that adjusts net income for the effects of transactions that do not involve cash, to calculate net cash flow from operating activities.

Income Statement

A financial document that provides a summary of a company's revenues, expenses, and profits/losses over a specified period of time.

Net Cash

An accounting term that represents the amount of cash remaining after all operating, investing, and financing activities are accounted for in a given period.

Operating Activity

Transactions and events related to the principal revenue-generating activities of an entity.

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