Answer: $205,100
Explanation:
Cost of materials is the total amount spent on the materials that were used for production in the current period.
Formula is:
= Beginning raw material inventory + Raw material purchases - Ending raw material inventory
= 53,200 + 210,000 - 58,100
= $205,100
The type of employment described above is FRICTIONAL UNEMPLOYMENT. Frictional unemployment is said to occur in an economy when the people move from one job to another. Frictional unemployment is always present in an economy because of temporary changes made by both workers and employers.
He invented various glass.
Answer:
On average the firm issued shares at $15 dollars each
Explanation:
the treasury stock are purchased at the market price which is not the same as the issuance price thus, we ignore it.
the company issued 33,600 shares with par value of $10
from which it has $168,000 additional paid-in
In total: 33,600 x $10 = 336,000
<u> + 168,000 </u>
Total paid-in 504,000
504,000 / 33,600 = <em>$15</em>
