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Answer:
Personal
Explanation:
Personal related currencies refers to the currencies that deals with the insipitration and the morality, vision, strength. It basically shows the needs of the person nd the value that actually what person could do
Since in the question it is mentioned that the if the tasks are shared that rise the skills and ablities of the person than this would represent the personal related currencies and hence the same is to be considered
Answer:
The Adjusted Cost of Goods Sold for the year is $926,000
Explanation:
The formula to compute COGS is:
Ending inventory = Opening inventory + Work in progress - Unadjusted COGS (Cost of Goods Sold)
$ 23,000 = $28,000 + 918,000 - COGS
COGS = $946,000 - $23,000
= $ 923,000
The formula to compute the Adjusted Cost of Goods Sold is:
Adjusted Cost of Goods Sold = Unadjusted Cost of Goods Sold + Under- applied overhead
= $923,000 + $3,000
= $926,000
Since the company is following a periodic inventory system, it has to use temporary accounts to record sales and purchases.
Transaction A
Purchases – Dr 860500
Accounts payable 860500
Transaction B
Accounts payable - Dr $111,600
Purchase returns $111,600
Transaction C
Accounts payable - Dr 748900
Discount received 14,978
Cash 733,922
Common law is the answer hope this helps!
