<span>Exchange tactics is the answer to your question.</span>
Explanation:
The journal entries are as follows
On December 31, 2020
Cost of goods sold $24,650
To Allowance for reduction in inventory to NRV $24,650
(Being the cost of goods sold is recorded)
It is computed below:
= $379,880 - $355,230
= $24,650
On December 31, 2021
Allowance for reduction in inventory to NRV $3,640
To Cost of goods sold $3,640
(Being the allowance for reduction is recorded)
It is computed below:
= $24,650 - ($445,440 - $424,430)
= $24,650 - $21,010
= $3,640
Answer:
Results are below.
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
Cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured= 54,700 + (11,300 + 30,000 - 19,200) + 58,100 + 87,400 - 69,900
Cost of goods manufactured= $152,400
<u>Now, the cost of goods sold:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 33,600 + 152,400 - 43,600
COGS= $142,400
Answer:
Employee burnout and work-related stress are linked to the Pygmalion effect of leaders' expectations and influence on workers. For example, higher expectations lead to higher performance, which in turn encourage even higher expectations