Answer:
Total cost accounted will be $192000
So option (C) will be correct answer
Explanation:
We have given beginning work in process inventory = $26000
Ending work in process inventory = $31000
And cost of units transferred from the department is $161000
We have to find the total cost accounted
Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department
So total cost accounted = $31000 + $161000 = $192000
So option (C) will be correct answer
<span>The goal of giving the debtor a fresh start is accomplished through</span><span> releasing debtors from personal liability for specific debts and protecting them from collection efforts.</span>
Commuting - Traveling to get to work
Telecommutting - A form of flexplace...
Flextime - Flexibility in when you work
Flexplace - Flexibility in where you work
Answer:
<u>Cost Of Goods Manufactured $ 133,000</u>
Explanation:
Peterson Company
Schedule for the cost of goods manufactured
For 2017
Direct Materials (opening Inventory) 21,000
Add Purchases 74,000
<u>Less Ending Inventory (23000)</u>
Materials available for Use 72,000
Add Direct Labor 22,000
Factory Overhead
Indirect Manufacturing Labor 17,000
Plant Insurance 7,000
Depreciation 11,000
<u>Repairs 3000 38,000</u>
132,000
Add Opening WIP 26,000
<u>Less Closing WIP 25,000</u>
<u>Cost Of Goods Manufactured $ 133,000</u>
Answer:
E. Reports how equity changes over a period of time.
Explanation:
Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.
And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.
There is no statement prepared to show any change in owner's equity at a point.
Statement reporting cash flows is called cash flow statement.
Therefore, correct option is:
Statement E
