Answer: $33,280
Explanation:
With FIFO, materials cost is added at the beginning.
Cost per unit of materials in production:
= 15,000 / 10,000
= $1.50
Cost per unit of conversion:
= 25,000 / Equivalent unit of production for conversion
Equivalent unit of production for conversion:
2,000 units were not transferred at the end of the month seeing as only 8,000 units were:
= 8,000 + (2,000 * 70%)
= 9,400 units
= 25,000 / 9,400
= $2.66
Amount transferred:
= 8,000 units * (Material cost + Conversion cost)
= 8,000 * (1.50 + 2.66)
= $33,280
Answer:
Option A will be the correct answer.
Explanation:
In the above question, Options are not given. Please find the attachment of the complete question.
- RIA has become an individual or an organization that offers investment advice to high-net-worth investors as well as operates financial investments.
- This RIA rendered complete transparency, both oral and written form, to his shareholders, because of options techniques to be implemented and the fees associated. This would be the smartest method to do something about it.
Some other options are also not tied to the condition in question. Thus option A should be the perfect approach.
A is the answer to this question!!!
Answer:
a. Financing activity
b. Operating activity
c. Operating activity
d. Financing activity
e. Operating activity
f. Investing activity
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. Example: equity, bonds payable, etc
Based on the above information about each activity, the reporting of each transaction is shown below:
a. Financing activity: As the transaction is related to the bond payable
b. Operating activity: As the transaction is related to the inventory
c. Operating activity: As the transaction is related to the sales
d. Financing activity: As the transaction is related to the common stock
e. Operating activity: As the transaction is related to the account payable
f. Investing activity: As the transaction is related to the equipment
