Answer:
$19,300
Explanation:
Calculation to determine the amount of job costs added to Work in Process Inventory during October
Using this formula
October Job costs=Raw material+Direct labour+Overhead
Let plug in the formula
October Job costs=$2,200+$5,700+($5,700*2)
October Job costs=$2,200+$5,700+$11,400
October Job costs=$19,300
Therefore the amount of job costs added to Work in Process Inventory during October is $19,300
Answer: $369,500
Explanation:
The Cost concept of accounting calls for the recording of Assets at their cost.
Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.
The seller countered with $369,500 and Clementine accepted this.
This means that Clementine bought the land for $369,500 which makes it the cost price.
They should therefore record it at $369,500.
Answer:
C
Explanation:
The answer is c Have a look at the procedure ..
Answer:
Inventory TO 5.5
This means Ortiz sales his inventory 5.5 times per year.
Explanation:
Inventory turnover for Ortiz
where:
COGS: 66,000
In this case the average inventory is provided already: 12,000
Inventory TO 5.5
This means Ortiz sales his inventory 5.5 times per year.
