1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondaur [170]
3 years ago
12

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending

work in process inventory of $31,000. During the month, the cost of units transferred out from the department was $161,000 In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be: _________A. $145,000 B. $132,000 C. $192,000 D. $57,000
Business
1 answer:
notsponge [240]3 years ago
7 0

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

Ending work in process inventory = $31000

And cost of units transferred from the department is $161000

We have to find the total cost accounted

Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department

So total cost accounted = $31000 + $161000 = $192000

So option (C) will be correct answer  

You might be interested in
Alex Company rents space to a tenant for $2,200, per month. The tenant currently owes two months rent, November and December. Th
kaheart [24]

Answer:

The correct answer is D

Explanation:

The journal entry which is to be posted on December 31, is as:

Rent receivable A/c............................Dr   $4,400

        Rent Earned A/c...............................Cr    $4,400

As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).

5 0
3 years ago
people who are into females only!!! what do you find the most attractive about a girl and what things do you want her to talk to
sergeinik [125]

Answer:

what kind of a question is this. im kinda confused like whaa

Explanation:

3 0
3 years ago
Read 2 more answers
You purchase one IBM July 125 call contract for a premium of $5. You hold the option until the expiration date when IBM stock se
Trava [24]

Answer:

Loss of $500

Explanation:

Given that

Stock price = 123

Strike price = 125

Premium price = 5

Recall that

Long call profit = (MAX (stock price - strike price, 0) - premium per share

Thus,

Long call profit = Max [0, ($123 - $125)(100)] - $500

= - $500.

Therefore, the negative sign in front indicates a loss of $500

3 0
3 years ago
The_______of the strategic sourcing process, which is sometimes kicked off in response to an entirely new need within an organiz
VladimirAG [237]

The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.

Explanation:

The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.

Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.

The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.

Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.

The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.

5 0
2 years ago
Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of
Olegator [25]

Answer:

$360,308

Explanation:

The computation of the  total amount of interest revenue is shown below:

But before that we have to determine the annuity payment per year which is

​Annuity payment per year is

= Fair value ÷ PVIFA for 10% for 5 years

= $991,692 ÷ 5.868

= $169,000

Now Total payments for eight years is

= $169,000 × 8

= $1,352,000

So, the amount of interest revenue is

= Total payments made for eight years - Fair value

= $1,352,000 - $991,692

= $360,308

8 0
3 years ago
Other questions:
  • cathy's customer base is 2/3 residential and 1/3 business . if she has 350 residential customers, how many total customers does
    5·1 answer
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4.5% charge on sales for using its
    10·1 answer
  • Which of these are goals of an expansionary policy? Check all that apply. a. increased available credit b. decreased available c
    10·1 answer
  • Jeff cannot find any of his receipts for entering into his budget. In addition, he cannot find any of his bank statements. What
    10·1 answer
  • ​Lydia, a minor, charges the cost of a smartphone at a Mobile Devices & Minutes store. Two nights later, Lydia loses the pho
    12·1 answer
  • 3. According to the National Automobile Dealers Association, a single dealership may employ people with as many as 57 different
    9·1 answer
  • Ok 1 more!!!!!!!!!!!!!!!!!!!!
    9·1 answer
  • Which of the following statement is TRUE about variable expenses?
    8·1 answer
  • Most routine business messages will follow the​ _____
    12·1 answer
  • Jack's Lumber Yard receives 8,000 large trees each period that it subsequently processes into rough logs by stripping off the tr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!