Answer: Option (a) is correct.
Explanation:
Materials Costs = Units × Unit Material Cost
= 6,000 × $8
= $48,000
Conversion costs = Units × Percentage Complete × Unit Conversion Cost
= 6,000 × 75% × $12
= $54,000
Ending Work-In Process Inventory:
= Materials Costs + Conversion Costs
= $48,000 + $54,000
= $102,000
Answer:
LIFO Periodic method
Explanation:
The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.
Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.
LIFO is used for the manipulation of profit.
False I believe! Hope this was correct for you..
The way brain cells connect and develop will be influenced by a newborns experience with adults and the environent
Answer:
The correct answer is A
Explanation:
Transfer of value is the term which is defined or described as the rule that stipulate when any interest in the policy or the life insurance policy is transferred for something of value such as property and money. A portion of the death advantage is subject to be taxed on the ordinary income.
So, when the money or amount of money is paid if the change of ownership in the life insurance policy happen or occur, then it is usually known as the transfer of the value.
