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son4ous [18]
3 years ago
5

Natraj Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department

for the month of October appear below:Units % Complete for ConversionBeginning WIP Inventory 5,400 20%Transfers In during October 38,100 Completed / Transferred Out in October 37,800 Ending WIP Inventory 60%What were the equivalent units for conversion costs in the Lubricating Department in October?

Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer: $41,520

Explanation;

Equivalent units of production are used when some goods have not been fully processed but costs need to be attached to them. The incomplete ones will be converted to complete goods depending on how far along the production process they are.

Equivalent units for conversion costs = Transfers out during October + Ending WIP * Percentage completion

= 37,800 + (5,700 * 60%)

= $41,520

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The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.

A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.

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Which statement best describes the SEC rules relating to bookkeeping services?

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The rule of supply and demand says that
LuckyWell [14K]

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3 years ago
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Identify each statement as true or false. If false, indicate how to correct the statement.
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Answer:

1. True: Corporation management is both an advantage and a disadvantage of a corporation compared to a proprietorship or a partnership.

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4. True: Each share of common stock gives the stockholder the ownership rights to vote at stockholder meetings, share in corporate earnings, keep the same percentage ownership when new shares of stock are issued, and share in assets upon liquidation.

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Hyacinth buys a $10,000 face value bond for $9,250. If the interest rate on similar bonds rises by 2%, what is the approximate p
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