Answer:
a. Demand for the company's stock decreases,
Explanation:
As a result of losing the case, investors would not want to hold the stock of the company due to the anticipated dip in revenue of the firm as a result of losing the case. As a result, there is a dip in the demand for stock.
when demand for the stock falls, the price of the stock also reduces.
Answer:
Beginning WIP= 122,000
Explanation:
Giving the following information:
Cost of goods manufactured= $524,000
Ending work in process= $79,000
Raw materials used in the production of $89,000
Direct labor of $145,000
Manufacturing overhead of $247,000
To calculate the beginning work in process we need to use the cost of goods manufactured formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000
Beginning WIP= 122,000
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