Answer:
See explanation section.
Explanation:
January 31 Supplies expense Debit 2,350
Office supplies Credit 2,350
Note: Calculation:
Beginning balance of Office Supplies + purchase - Ending balance of office supplies = Office supplies used
$1,985 + $463 + $420 - $518 = Office supplies used
Office supplies used = 2,350
To record the adjusting entry of office supplies.
Conversion cost per unit = $ 4.03
<u>Explanation:</u>
The equivalent units need to be calculated to find out the conversion cost
With the given data:
Production during the year = 28400 units
Ending work in progress equalled = 4000 units
As per question, it is said that there is no beginning work in process inventory
Completion is 30% and conversion costs is = $117760
Calculation of equivalent units:
Equivalent units =
Therefore, conversion cost per unit = Total conversion cost/ equivalent units= 117760/29200= $4.03
Answer:
The correct answer is 80%
Explanation:
To resolve this question we going to use this formula:
Rate of increase = ((Ending value − Beginning value) ÷ Beginning value ) x 100
= (($34,200 − $19,000) ÷ $19,000 ) x 100
= ($15,200 ÷ $19,000) x 100
= 0.8 x 100
= 80%
80% is the rate of increase for these automobiles between the two periods.