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m_a_m_a [10]
3 years ago
6

Beginning work in process was $125,000. Manufacturing costs added to production for the month were $835,000. There were $200,000

of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?a. $1,160,000b. $ 910,000c. $ 760,000d. Cannot be determined.
Business
1 answer:
Nataly_w [17]3 years ago
7 0

Answer:

c. $ 760,000

Explanation:

For computing the cost of goods manufactured, we have to use the formula which is shown below:

Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process

= $125,000 + $835,000 - $200,000

= $760,000

Beginning work in process + manufacturing cost is called total work in process for a given period

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Which of the following accounts are normally reported as current liabilities on a classified balance sheet?
IRISSAK [1]

Answer:

d. Income Taxes Payable and Salaries Payable

Explanation:

Current liabilities are short term obligations of an entity due for repayment within a period of 12 months.

From the options given d. Income Taxes Payable and Salaries Payable both presents current liabilities.

7 0
3 years ago
Sound Company reported the following amounts for May, 2008: Direct materials purchased $254,000 Beginning raw materials inventor
Yakvenalex [24]

Answer:

$254,100

Explanation:

The computation of the  cost of direct materials used in production is shown below:

=  Direct materials purchased + Beginning raw materials inventory  - Ending raw materials inventory - Indirect materials requisitioned and used

= $254,000 + $12,000 - $7,900 - $4,000

= $254,100

Hence, all the other information is not considered. Therefore, ignored it

6 0
3 years ago
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
Vesnalui [34]

Answer:

The correct answer is option b.

Explanation:

When foreign producers sell their goods and services in the US market they get US dollars in return. They use these dollars to buy goods and services from the US.

If import restrictions prohibit foreigners from selling various goods and services in the U.S. market, foreigners will have fewer U.S. dollars which they can spend to buy U.S. goods and services. So they will be able to purchase fewer goods and services from the US.

4 0
2 years ago
Research and then discuss the two types of equity found on the balance sheet that contribute to total stockholder’s equity for t
marshall27 [118]

The equity on the balance sheet that contribute to total stockholder’s equity for the corporation are:

  • stockholders' equity
  • owner's equity

<h3>What is a total stockholder’s equity?</h3>

The total stockholders' equity means the total value of assets that remains in a business after all the total liabilities have been settled.

However, the stockholders' equity is the most important for rewarding stockholder investment because it is the basis at which a dividend for the stockholder will be calculated.

Read more about stockholder equity

<em>brainly.com/question/14032844</em>

#SPJ1

7 0
1 year ago
The notation is Y = GNP = national income C = consumption I = private investment G = government spending X = exports M = imports
IRINA_888 [86]

The true statement is <em>D. When </em><em>BCA</em><em> is negative, it implies that government </em><em>budget deficits</em><em> and/or part of </em><em>domestic investment </em><em>are being financed with </em><em>foreign-controlled capital</em><em>.</em>

The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.

Explanation:

National income = Y = GNP

Consumption = C

Private Investment = I

Government spending = G

Exports = X

Imports = M

Taxes = T

Therefore, the BCA = X-M = (S-1) + (T – G)

Where BCA = Balance of Current Account

Thus, the Balance of the Current Account (BCA) should be <u>positive</u> to avoid deficit-financing of government budgets.

Learn more: brainly.com/question/8859561

3 0
2 years ago
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