Answer:
d. $141,000
Explanation:
As the following information is given
Purchase of raw material = $165,000
Beginning Raw material balance = $22,000
Completed direct material = $141,000
Completed indirect material = $13,000
Since the work in progress includes only direct material i.e $141,000 as indirect material is allocated to the overhead account. Therefore, only $141,000 of raw material is transferred to work in process account
So other information which is mentioned is ignored
C) Design! Most definitely.
To do construction and architecture you need to know design. It will include design.
Answer:
Woods Company
Accounts Requiring Adjustment, Type of Adjusting Entry, and the Related Account:
Account Type of Adjustment Related Account
a) Account receivable Accrued revenue Service revenue
b) Prepaid insurance Prepaid expense Insurance expense
c) Equipment Not required Not required
d) Accumulated depreciation Accrued expense Depreciation expense
e) Notes Payable Not required Not required
f) Interest Payable Accrued expense Interest expense
g) Unearned service revenue Unearned revenue Service revenue
Explanation:
End of period adjustments are made to accounts in order to bring them in line with the accrual concept and matching principle of accounting. These principles require that expenses and revenues for the period are matched in order to determine the appropriate profit generated for the period. The implication is that transactions are recorded when they are incurred and not when cash is exchanged. For example, if rent expense is incurred for the year and payment is made in the following year, the expense must be recognized in the current year. The same applies to revenue.
,Answer:
Zoe Corporation
Statement of Cost of Good Manufactured For the Month Ended March 31
Work in Process Inventory 22,000
Direct Materials:
Materials inventory, March 1 6,000
Purchases 92,000
Less Materials inventory, March 31 <u> ( 8,000)</u>
Cost of Materials used in Production 90,000
Direct Labor 25,000
Factory Overhead <u> 37,000</u>
<u> 152,000</u>
Total Manufacturing Cost 174,000
Less Work in Process Inventory, March 31 <u> (23,500) </u>
Cost of Goods Manufactured 150,500
Answer:
A) conversion
Explanation:
Conversion is when someone wrongfully use property of another for their own purposes . In an action for conversion, the taking of the property may be lawful, but the retaining of the property is unlawful.
Same in this case retaining the fitness watch is unlawful to use the property which belongs to others.
