Answer:
c.Payment of freight costs for goods shipped to a customer
Explanation:
In the inventory account management using the perpetual system, whenever there is an event that may result in a change in the carrying value of inventory, the quantity of the change is immediately determined and adjusting entries are posted.
Examples of such events include purchase of merchandise inventory, return of merchandise inventory to the supplier, .Payment of freight costs for goods received from a supplier (this forms part of the cost of inventory).
From the options given, the only entry that will not result in an adjustment to inventory is c.Payment of freight costs for goods shipped to a customer. This will form part of the selling and distribution cost under operating expenses.
Answer:
I didn't mean to tap on this
Explanation:
I don't know the answer
Answer:
predetermined overhead allocation rate is $228 per hour
Explanation:
given data
Estimated over head costs = $8,000,000
Estimated machine hours = 35,000
actual machine hours = 31,000
to find out
predetermined overhead allocation rate
solution
we know that predetermined overhead allocation rate is express as
predetermined overhead allocation rate = 
put here value
predetermined overhead allocation rate = 
predetermined overhead allocation rate = $228.571
so predetermined overhead allocation rate is $228 per hour
It is D. A part-time job to earn extra money.
Answer:
$82
Explanation:
As company Uses FIFO system, it will sell first two products
The cost price =($60 + $67 = 127).
So Gross profit = Selling Price-Cost Price
Gross Profit = 209-127
= $82
The gross profit for the period is $82
