Answer:
c. $ 98,000
Explanation:
The cost of goods manufactured is determined by adding the total manufacturing cost and adjusting it for the difference in work in process balances.
Direct Materials Used $ 19,000
Direct Labor Used $ 24.500
Factory Overhead <u>$ 55.100</u>
Total manufacturing cost input $ 98,600
Add: Opening work in process $ 10.700
Less: Closing work in process <u>$ (11,300)</u>
Cost of goods manufactured <u>$ 98,000</u>
Answer:
<em>Rick owned the watch.</em>
Explanation:
In the scenario given above between Smokey and his group of friends, it is a complicated situation. Initially, Smokey owes the watch but it was stolen by his friend in his house. His friend ended selling it to other person which finally ended up being paid for by Rick after it has exchanged so many hands.
<em>Since Rick had a valid transaction where he paid for a goods for a certain amount of money, it would be validly recognized as the owner of the watch.</em>
Answer:
B. Loss on sale is $12,500
Explanation:
The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:
[ 1,600,000 - 130,000 ] / 8 years * 2.5 years = 612,500
The book value for the equipment is 1,600,000 - 612,500 = 987,500
The equipment is sold for 1,000,000
There is gain on disposal of 12,500.
90% sure that your answer is <em>(household production) </em>
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<em>Hope this helps!</em>
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry