Answer:
In work-in-process at the beginning of the period times the percent of work necessary to complete the items, plus the number of units started and completed during the period, plus the number of units remaining in work-in-process at the end of the period times the percent of work done during the period
Explanation:
Under the FIFO following are the formulas needed for determining the equivalent unit of production. Any of the following formula should be used for calculated the same
(i) Equivalent Units of Production is
= finish opening inventory units + units started & completed + closing work in process inventory units
(ii) Equivalent Units of Production is
= opening inventory × (100% - Completion percentage of opening inventory) + Units started & completed + Closing work in process inventory × Completion percentage
(iii) Equivalent units of production is
= transferred out units + closing work in process inventory units − opening inventory units
Hence, the first option is correct
Answer:
$28,700
Explanation:
We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured
where,
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $408,000 + $56,000 + $72,000
= $536,000
So, the ending work in process inventory would be
= $16,200 + $536,000 - $523,500
= $28,700
Answer:
Recall is enhanced because the audience keeps the reference material.
Explanation:
The advantage of using multimedia slides is that they enhance recall because the audience keeps the reference material. They are cheap to update and easy to use. They also always work well with other equipment and programs. A strong benefit of the multimedia slides is that it takes advantage of the brain's ability to process and connect both verbal and visual representations of any content, which leads to a better understanding of the presentation.
The answer is d sole proprietorship
