Answer:
The correct answer is "$ 30.34".
Explanation:
The value of the stock can be computed by the following formula:
⇒
On putting the values, we get
⇒
⇒
⇒ ($)
During May, Camino Corp. purchased direct materials for 4,400 units at a total cost of $63,800. Camino’s standard direct materia
ls cost is $14 per unit. Prepare the journal entry to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1 answer:
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