Answer:
B. debit to WIP inventory
Explanation:
The journal entry to record the usage of direct material in production is
Work in Process Inventory Dr.
To Raw Material Inventory
(Raw materials consumed recorded)
Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.
Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.
Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.
In order to create balance sheets and other financial accounts, trial balances are a crucial document for auditors. To identify any accounting problems, a trial balance is performed to ensure that the general ledger accounts' debit and credit column totals match.
<h3>What purpose does a trial balance serve?</h3>
Any mathematical mistakes that have occurred in a double entry accounting system can be found using a trial balance. There shouldn't be any arithmetic errors in the ledgers if the sum of the debits and credits equals the total of the trial balance.
<h3>What exactly does a trial balance contain?</h3>
It varies. A trial balance can be used by businesses to monitor their financial status, and they may create multiple different types of trial balances over the course of the fiscal year. All of the significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses, may be included in a trial balance.
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Answer: The correct answer is "(A) Motivation".
Explanation: The purpose of this meeting will be <u>Motivation,</u> because Nancy Cardigan will look for ways to motivate employees who, after the long summer months, are not prepared for the intense burden of Christmas sales, therefore they will try to implement the various motivational techniques such as the payment of bonuses, incentives , etc.
Answer:
11.57 is the book value per share.
Explanation:
Given: Total common equity= $2050000.
Total number of outstanding shares= 190000
Net Income= $250000
Dividend paid out= $100000.
We know the formula for finding book value per share at 12/31/2015.
Book value per share= 
First, lets find out accumulated earning.
Accumulated earning= 
Accumulated earning= 
∴Accumulated earning= $ 150000.
Now, Book value per share= 
⇒ Book value per share= 
∴ Book value per share= $11.57.
Answer:
$95,400
Explanation:
The computation of total cost of ending work in progress inventory is shown below:-
Material = 18,000 Units × 100% × $2.75
= $49,500
Labor = 18,000 Units × 60% × $4.25
= $45,900
The total cost assigned to the ending work in process inventory
= Material + Labor
= $49,500 + $45,900
= $95,400
So, for computing the total cost assigned to the ending work in process inventory we simply add material with labor.
