Answer:
Dr Fixed asset $156,000
Cr Cash $156,000
Being entries to record the cost of the machine
Explanation:
The cost to wire electricity and secure the machine in place are part of the cost to make the machine available for use as such, these will be capitalized with the cost of purchase of the asset.
Capitalized cost of asset
= $144,000 + $10,000 + $2,000
= $156,000
Answer:
$67,000
Explanation:
Remember that,
Cost of Goods Manufactured = Beginning WIP + Total Manufacturing Costs - Ending WIP
this can also be written as :
Ending WIP = Beginning WIP + Total Manufacturing Costs - Cost of Goods Manufactured
therefore,
Ending Work In Process Inventory = $25,000 + $200,000 -$158,000
= $67,000
Answer:
c. nearly eliminates transportation of finished goods to distribution centers and retailers
Explanation:
3D printing is a form of additive manufacturing that should help in carbon footprint that are related with the transport sector as the transportation and the storage should be decreased via the technology,
The shoes should be generated on demand basis that depend upon the 3d printing technology so it removed the finished goods transportation to the distribution centers & the retailers
Therefore the correct option is c.
Answer:
Assembly Work In Process Inventory
Explanation:
The units completed cost will be move from one process into the next one.
The transferred-out cost will be credited from Molding(origin) and debited into Assembly Work-in-Process(destination)
As this is a theoreticalquestion we don't have to look into the numbers.
Answer:
The equivalent units produced is 7320
Explanation:
To get the units produced in this period we ignore the beginning inventory, we just add new transferred out +ending inventory
- 7,000 units were transferred out
- Al the end , we have 800 at 40%= 320
Adding the 3 items
UP=7000+320=7320
