Explanation:
The journal entry is shown below:
Finished goods inventory A/c Dr $432,000
To Goods in process inventory A/c $432,000
(Being the goods transferred from production to finished goods is recorded)
For recording this given transaction, we debited the finished goods inventory account and credited the goods in process inventory account.
Direct materials. This is the cost of the materials which become part of the finished product
Direct labor
<span>Factory overhead or manufacturing overhead
</span>
Answer:
c. daypart
Explanation:
Daypart corresponds to a marketing strategy used when you want to reach the target audience of a certain campaign or advertising through the usage data of the medium where the ad is served. As shown in the scenario above, that the marketing team decides to run the ads on weekend mornings, from 9 am to noon, because through data and prior information, the marketing team found that these periods and times are those who would have a greater participation and interaction of the target audience with the television commercial, and thus the objectives and goals of marketing would have the probability of being more widespread and effective.
Answer:
a Competency
Explanation:
Competency refer to set of capabilities an enterprise possesses relating to performance of a task in an efficient manner in a given specific situation.
Competencies are the sum total of skills, knowledge and capabilities. These are developed over time with application of skills and knowledge.
In the given case, Evergreen reaps benefits with respect to parking area for unwanted aircraft owing to space it possesses and the climate of the location which protects the aircraft from dust and rusting.
This represents a case of competency which has built up over time owing to a capability which has emerged out of application of skills, knowledge and environmental advantage.
Answer:
The amount of cost of goods sold for the month is $127,321.60.
Explanation:
The Weighted Average Cost Method uses a Unit Cost calculated on the Average to value the Cost of Goods Sold and Ending Inventory.
Since the<em> Periodic Inventory System</em> is being used, the Unit Cost will be calculated on Goods Available for Sale.
Average Unit Cost = Total Cost of Goods Available for Sale ÷ Units Available for Sale.
Total Cost of Goods Available for Sale = 7,300 × $9.00 + 3,100 × $10.00 + 12,200 × $10.50 = $224,800
Units Available for Sale = 7,300 + 3,100 + 12,200 = 22,600
Therefore,
Average Unit Cost = $224,800 ÷ 22,600 = $9.947
Cost of Goods Sold = Units Sold × Units Available for Sale
= 12,800 × $9.947
= $127,321.60