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EleoNora [17]
1 year ago
14

after conducting your end of period physical inventory count, you realize that for several customer orders, the transfer of lega

l title to the goods in transit was not properly recognized. this situation is an example of an inventory error that will
Business
1 answer:
bonufazy [111]1 year ago
8 0

This situation is an example of an inventory error that will Errors affect both the income statement and balance sheet.

<h3>What is inventory error?</h3>

Any of the following could lead to an inventory error: Leaving out some items when physically counting inventory. During a physical inventory, some objects should be double counted. clerical mistakes when multiplying or adding inventory information.

Inventory mistakes can result in an inaccurate ending inventory balance, which has an impact on the cost of goods sold and profitability.

To learn more about inventory error

brainly.com/question/28507743

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andrew11 [14]

Answer: (A) Controlling

Explanation:

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The controlling is one of the main function in the management as it ensure all the activities performed accurately and also helps in planning all the activities in an organization. It basically helps in meet the desirable goals of the company by setting a standard performance.

 Therefore, Option (A) is correct answer.

 

8 0
3 years ago
Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 u
GuDViN [60]

Answer:

$16.20

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Calculation for How much is the cost per equivalent unit for direct materials

Cost per equivalent unit for direct materials=($36,000+$186,000)/[11,000+(3,000*90%)]

Cost per equivalent unit for direct materials=$222,000/(11,000+2,700)

Cost per equivalent unit for direct materials=$222,000/13,700

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Therefore the the cost per equivalent unit for direct materials will be $16.20

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2 years ago
How old do you have to be to become a emergency doctor and a paramedic?
lbvjy [14]

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