Answer:
$234,000
Explanation:
cost of goods manufactured = beginning work in process + direct materials + direct labor + manufacturing overhead cost applied - ending work in process
cost of goods manufactured = $25,000 + $65,000 + $95,000 + $69,000 - $20,000 = $234,000
cost of goods sold = beginning finished inventory + cost of goods manufactured - ending finished inventory + underapplied overhead
cost of goods sold = $54,000 + $234,000 - $58,000 + $2,000 = $232,000
<u>Answer:</u>
<em>The standard of living in a country
</em>
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<u>Explanation:</u>
The GNI and Purchasing Power determine the standards of living. The GNI estimates the present estimation of products and enterprises delivered by a nation. The PPP estimates the relative power a government needs to buy that equivalent merchandise and enterprises. In this way, GNI alludes to gainful yield, and PPP alludes to purchasing power.
Different models of "global stratification" all make them think in like manner: they rank nations as indicated by their relative financial status, or "gross national item (GNP)".
Explanation:
Yes it is always good to have a bigger clear picture of the things or issues you need to address, but along with the bigger view, minute details are also important. Putting minute details in order will allow you to see the clear and real picture of the scenario. It is no doubt good to have a bigger view of things, but small details constitute the bigger picture, so small details are equally rather more important in getting the things rights. For example if you are at work and you are the in-charge at the manufacturing site, you will not only be concerned about the final product but also need to check the raw materials and all other inputs that are being given in the process to get the required product. So each and every detail is important while working in an organization.
Answer:
Rent expense of $2,000
Prepaid rent of $22,000
Explanation:
Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:
Rent expense of $2,000
Prepaid rent of $22,000
The rent expense of $2,000 is calculated as
(1÷12*$24,000)=$2,000
The prepaid rent of $22,000 is calculated as
$24,000-$2,000
$22,000
