For first one this is the answer
use the photomath app it is really good try it.
The Money is the price of labour
Answer:
$120,000
Explanation:
Calculation to determine What should be the balance in the Work-in-Process Inventory following these transactions
Beginning balance in WIP $75,000
Add: Direct materials transferred $39,000
Direct factory labor cost $6,000
Ending balance $120,000
($75,000+$39,000+$6,000)
Therefore What should be the balance in the Work-in-Process Inventory following these transactions is $120,000
Answer:
Nancy Tercek
Income Statement for the month ended June 30 2019
$ $
Service Revenue 6300
Less: Expenses
Rent Expense 600
Gas Expense 300
Utilities Expense 300
Salaries Expense 1190 (<u>2390)</u>
Net Income <u>3910
</u>
Explanation:
- These are the only transactions relating to income statement. We calculated the revenue by adding the service revenue earned on 5 june (4700) and on 20 June (1600).
- In service business there are no Cost of Goods Sold.
- We deduct the Expenses relating to operations.
- There are only four expenses and the finance cost relating to notes payable cannot be calculated as the interest rate is not provided.
