Answer and Explanation:
Work In Process Inventory $96,000
Manufacturing Overhead $9,000
Raw Materials Inventory $105,000
Answer:
$22,014
Explanation:
The computation of the cost of inventory is shown below:
= Purchase Cost of merchandise + transportation cost - returned goods - discount
= $23,000 + $650 - $1,200 - $436
= $22,014
The discount is computed below:
= (Purchase Cost of merchandise - returned goods) × discount rate
= ($23,000 - $1,200) × 2%
= $436
We simply added the transportation cost and deducted the returned goods and discount to the purchase cost of merchandise
Answer: B. The portion of output contributed by Mexican labour would be included in both Mexican GNP and GDP.