Answer:
A) cost of units completed and transferred out plus the cost of ending work in process.
Explanation:
The total costs accounted for in a production cost report consists of Cost in units of Work - In - Process Inventory and Cost Incurred During the Current Period.These Costs equal cost of units completed and transferred out plus the cost of ending work in process.
I agree with the first one cause money is very important u have to use it wisely but you also wanna take it into your own matters it something were to go wrong
As trade becomes more widespread, specialization increases, which in turn increases productivity.
The aggregate impacts of specialization on the economy are huge in nature. Generally, people who are specialized in a particular field develop new techniques and technologies which leads to huge increases in productivity.
Increased specialization again leads to higher standards of living for all those persons who are involved in economic exchanges.
An individual is considered to become economically specialized when he focuses on his productive efforts.
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I think that Spelling Corporation uses JUST-IN-TIME inventory method.
Just-in-time inventory method requires producers to forecast demand as accurately as possible to ensure that the supply is sufficient to cover demand without excesses that may result to wastage and losses. Just-in-time inventory method promotes increase in efficiency in producing products.
Other inventory methods are manual counts, perpetual inventory, first-in first-out (FIFO), and last-in first-out (LIFO).
