Answer:
$3
Explanation:
The computation of the equivalent cost per unit for materials using the FIFO method is shown below:
= Materials cost ÷ equivalent units in materials
= $36,000 ÷ 12,000 units
= $3
hence, the equivalent cost per unit for materials using the FIFO method is $3
Answer:
sales account debited Rs.30000
To computer accounted Rs. 30000
Furniture account debit Rs.70000
To Furniture house account Rs.70000
salary account debit Rs 40000
To cash account Rs 40000
Bank account debit Rs 70000
To sales account Rs70000
Answer:
Someone called by the prosecution in a criminal trial to give evidence against the defendant
While making adjustment of the journal entries for the accrued salaries of $600 and current salaries of $1500, the salaries expense amount should be debited for an amount of $900.
<h3>What are journal entry adjustments?</h3>
Journal entries adjustments are the amount that are adjusted at the end of the accounting period to avoid errors while preparing journal entries for the financial transactions.
The adjusted journal entries for the above transactions are attached with an image for reference.
Hence, option B; the salaries expense account will be debited for $900 in the journal entries adjustments.
Learn more about journal entries adjustments here:
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