Answer:
Option B
Explanation:
Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.
Hence, option B is correct
Answer:
Dec. 31
Dr Interest expense $405,000
Cr Discount on bonds payable $5,000
Cr Cash $400,000
Explanation:
Preparation of the journal entry to record interest expense and bond premium amortization on December 31, 2022
Dec. 31
Dr Interest expense $405,000
($400,000+$5,000)
Cr Discount on bonds payable $5,000
[$5,000,000 - ($5,000,000 x 101/100)/10]
Cr Cash ($5,000,000 x 8%) $400,000
(To record interest expense and bond premium amortization)
Answer:
A) $1,450
Explanation:
beginning finished goods + COGM = ending finished goods + COGS
to know COGS we need cost of goods manufactured
COGM = beginning WIP + cost added - ending WIP
to knwo COGM we need to know cost added
cost added = labor + materials + overehead
to know that we need to know materials used:
used into production= beginning raw+purchase - ending raw
used = 200 + 400 - 180 = 420
and now we go backwards in the loop to fill the blank and solve for COGS
cost added = 450 + 420 + 620 = 1490
COGM = 320 + 1490 - 410 = 1400
and we now return to the formula to find COGS
250 + 1400 = 200 + COGS
1650 - 200 = COGS = 1,450
I would personally put B but I’m really not for sure on the answer, sorry hope this helps tho.
