Answer:
The equivalent units of of materials in September = 62,400 units
Explanation:
<em>Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work</em>
Equivalent Units = Degree of work completed (%) × inventory units
Items units workings Equivalent units
Completed unit 58,500 58,500× 100% = 58,500
Closing WIP 6,500 6,500 × 3/5 = <u>3,900</u>
Total equivalent units of materials <u>62,400.</u>
The equivalent units of of materials in September = 62,400 units
Answer:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
Explanation:
In order to record American Eagle's declaration and payment of cash dividends for its 214 million shares first we would require to calculate the dividends as follows:
Dividends=214,000,000 shares*$0.105
Dividends=$22,470,000
Therefore, the journal entries would be the following:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
