So Whats the question ? Could you be more specific .
Answer:
$184,000
Explanation:
The computation of adjusted cost of goods sold is shown below:-
For computing the adjusted cost of goods sold first we need to find out the cost of goods sold which is here below:-
Cost of goods sold = Beginning inventory of finished goods + Cost of goods manufactured - Ending inventory of finished goods
= $39,000 + $188,000 - $47,000
= $180,000
Adjusted cost of goods sold = Cost of goods sold + Manufacturing overhead cost incurred - Manufacturing overhead cost applied
= $180,000 + $71,000 - $67,00
= $184,000
Answer:
D.
Revenues to be understated
Explanation:
Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.
Answer:
Contributions to Roth IRAs aren't tax deductible, but withdrawals made at retirement aren't taxed.
Explanation:
Roth IRA refers to an individual retirement account that allows a tax-free growth and tax-free withdrawals in retirement. Roth IRAs are best when one's taxes would be higher at the point of retirement than present day.
The contributions made to the Roth account are are often made with after-tax money, which cannot be deduct; for this reason, the contribution grows and these contributions aren't taxed.
It is also to be note that, earnings in a Roth account can be tax-free rather than tax-deferred
Answer:
False
Explanation:
While preparing the raw material budget for the period we calculate the total purchases to be made in the period concerned to meet the demand of raw material.
Demand in the period concerned = Total raw material required in production in current period + Total balance of inventory to be kept as closing inventory of current period - The opening available balance of inventory.
This is equal to the purchases to be made.
Thus, closing inventory is added and opening is deducted.
Therefore, the statement is question is not correct and is therefore, false.
