Answer:
b. $392000.
Explanation:
The computation of the inventory balance reported on the balance sheet is shown below:
<u>Product Cost Net realizable value Lower value
</u>
A $128000 $134000 $128,000
B $90,000 $85,000 $85,000
C $179,000 $181,000 $179,000
Total $392,000
The common errors that leads to unbalanced account and are the easiest to resolve includes the <em>error of </em><em>Omission, Commission</em>. <em>Original Entry and Duplication</em><em>.</em>
In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.
Generally, the recognized type of errors in accounting includes:
- <em>Error of Original Entry</em>
- <em>Error of Duplication</em>
- <em>Error of Omission</em>
- <em>Error of Entry Reversal</em>
- <em>Error of Principle </em>
- <em>Error of Commission</em>
- <em>Transposition Errors</em>
- <em>Rounding Errors </em><em>etc</em>
In conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the <em>error of </em><em>Omission, Commission</em>. <em>Original Entry and Duplication</em><em> </em>because they are easy to correct.
Read more about this here
<em>brainly.com/question/5188412</em>
1. This case primarily involves an implied contract, where things may not have been written down but the actions by both sides show there was an agreement.
2. Implied contract may also be refereed to as an implied-in-fact contract because the facts (not written documents) show there was an agreement.
3. The court would rely on the conduct of the parties. Since there isn't a written agreement, they look at the actions people took to see if they behaved as if they were in a contract.
4. Implied contracts do not require an agreement between the parties. Someone may be operating on the assumption of an implied contract and the other person disagrees that they acted in a way that implied a contract, but it is their actions that matter not how they felt about the agreement.
5. To determine if a contract exists the court will look at: furnished a good or service, expected to be paid, knew or should have known about that expectation, had a chance to reject the goods or services
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.
Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.
learn more about Gross domestic product (GDP) here
brainly.com/question/1383956
#SPJ4
Answer:
A) Standard packaging materials: Product - DM
B) Lease payment on administrative headquarter: Period
C) Telephone bills (customer service): Period
D) Property insurance (40% of building is used for S&A): Period
E) Property insurance (60% of building is used for manufacturing): Product MOH
F) Wages and benefits paid to assembly-line workers: Product DL
Explanation:
Period costs are not include in the COGS and are generally included under sales and administrative costs.
Product costs are costs incurred in the production of a good or service.
