Answer:
Ending WIP= $546,000
Explanation:
Giving the following information:
Beginning work in process inventory $190,000
Cost of goods manufactured 214,000
Total manufacturing costs 570,000
To calculate the ending work in process, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
214,000= 190,000 + 570,000 - Ending WIP
Ending WIP= $546,000
Answer:
Perpetual inventory system.
Explanation:
The cost accounting refers to managing the cost of the company so that the company could able to produced their goods at the lowest cost
Now in the case of a manufacturing company, various things can be calculated like - the cost of goods sold, ending work in process, etc
The perpetual inventory system refers to the system in which the inventory is updated on a regular basis while on the other hand periodic inventory system refers to the system in which the company updated their inventory counts in periodic or particular period only
So here the manufacturing company based on perpetual inventory system so that it can trace the cost in an effective manner
Answer:
Explanation:
The dividend paid is shares multiplied by dividend per share = 9200*3 = 27600
Answer:
$9 million, $11 million and $111 million
Explanation:
The computation is shown below
(a) For depreciation, it is
= Initial amount × depreciation rate
= $100 million × 9%
= $9 million.
Now
Net Investment is
= Gross investment - Depreciation
= $20 million - $9 million
= $11 million
(b) And, the amount of next year's beginning capital stock is
= Initial capital stock + gross investment - depreciation.
= $100 million + $20 million - $9 million
= $111 million
We simply applied the above formulas