1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katyanochek1 [597]
2 years ago
10

A company reported cost of goods manufactured of 50,000 on the statement of cost of goods manufactured. If the beginning balance

in work in process inventory was 20,000 and the ending balance was 25,000 then the total manufacturing costs were ________.
Business
1 answer:
DerKrebs [107]2 years ago
6 0

Answer:

55,000

Explanation:

Cost of goods manufactured = Opening Work in Process + Manufacturing costs - Closing Work In Process

Putting values in above equation

50,000 = 20,000 + MC - 25,000

50,000 + 25,000 - 20,000 = 55,000

Here total cost is given which is of completed goods, and therefore work in process is not included in this value of 50,000 and thus treated differently.

Thus total manufacturing costs = 55,000

You might be interested in
The primary purpose of the trial balance is to: 1.prove the equality of the debit and credit amounts after posting. 2.transfer j
coldgirl [10]

Answer:

1.prove the equality of the debit and credit amounts after posting.

Explanation:

There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.

Its main purpose to equate and the prove the both side of the columns after posting of transactions

8 0
3 years ago
True or False: With the export subsidy, domestic producers will sell steel to domestic consumers and sell the rest abroad.
Bess [88]

The answer to the question of whether the export subsidy would make domestic producers sell steel to domestic consumers and sell the rest abroad is:

  • False because the domestic producers would not want to sell at a lesser price than what they would have sold abroad.

<h3>What is Export Subsidy?</h3>

This refers to the government policy which is meant to discourage export of goods with the aim of regulating the economy which usually leads to the increase in the amount of customer surplus in the market.

With this in mind, we can see that the export subsidy has to do with the increase in domestic price whereby there is a higher cost for exports for producers.

Read more about export subsidy here:
brainly.com/question/7193712

4 0
2 years ago
Which of the following is one way the Federal Reserve Bank serves the government?
Andrews [41]

Answer:

making loans to the government

3 0
2 years ago
_____ leaders are agents of change because they develop an appealing vision of the desired future state, communicate that vision
GrogVix [38]

Answer:

The correct answer here is B) Transformational leader.

Explanation:

Transformational leadership style is a type of leadership, where a leader would work with its team so that a leader can identify changes that are needed, leader would create a vision to guide change through the inspiration and executes that change in tandem with committed team members. Transformational leader also helps in enhancing the motivation, job performance and morale of its team and followers through various mechanism like being a role model to others, connecting with teams sense of identity.

8 0
3 years ago
An economic decision will affect all people, regardless of how they feel or believe
Serjik [45]
Wait is this a question? But yes, this is true.:-)
8 0
2 years ago
Read 2 more answers
Other questions:
  • Kate owns a stock with a market price of $31 per share. This stock pays a constant annual dividend of $0.60 per share. If the pr
    11·1 answer
  • When may a certificate holder request a hearing after receiving a notice of violation of TABC?
    14·2 answers
  • Which one of the following is not a method used by companies to accelerate cash receipts? Offering discounts for early payment A
    14·1 answer
  • When might be the best time to start saving for retirement?
    5·2 answers
  • Gilbert would like to foster goal commitment in his department. He decides to do this by encouraging the collaboration of employ
    14·2 answers
  • Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will
    5·1 answer
  • Please calculate the answer to the following problem, showing all of your work. NO CREDIT will be given if I cannot follow your
    10·1 answer
  • Describe at least three risks a company might face if it participates in global trade.
    9·2 answers
  • On April 2, Rolex SA sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 of sales was rece
    13·1 answer
  • Why is it important to find something you’re passionate about when finding<br> a career?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!