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Rus_ich [418]
3 years ago
5

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

irst processing department consisted of 2,100 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,200 50% Conversion costs $ 3,400 20% A total of 8,500 units were started and 7,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 160,400 Conversion costs $ 122,100 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?
Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer:

2,800 units

Explanation:

The computation of the ending work in progress units is shown below:

= Beginning inventory units + units started - transferred units to the second processing department

= 2,100 units + 8,500 units - 7,800 units

= 2,800 units

All other information which is given in the question is not relevant. Hence, ignored it

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This type of quality control is done to rule out flaws in products so that they do not reach to the customers.

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1 year ago
Assume that the company wanted to do some advertising in the states where the candidates were campaigning about the benefits of
defon

Answer:

B. All of these are correct.

Explanation:

  • The restriction must not be more broad than is necessary to serve the substantial government interest.
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3 years ago
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
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Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

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GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

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Thomas Company provides earnings information to investors at the end of every quarter.

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Time period assumption

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The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

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Monetary unit assumption

Explanation:

5 0
2 years ago
1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On Decem
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Explanation:

According to the accounting cost method , the reissuance of the treasury stock would be credited to the additional paid in capital which represents the remaining amount i.e deduct $120,000 from the $190,000

And, the net income for the year 6 is

= Increase in assets - Increase in liabilities - Increase in capital stock - Increase in additional paid in capital + Dividend payment

= $356,000 - $108,000 - $240,000 - $24,000 + $52,000

= $36,000

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3 years ago
How do you delete awnsers that people post
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You have to be a moderator. That's all I know.

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