Answer:
$314,000
Explanation:
The computation of total assets is shown below:-
Total equity = $161,000
Revenue = $226,000
Expenses = $173,000
Liabilities at the end of the year = $100,000
Income of the year = $226,000 - $173,000
= $53,000
Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities
=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year
= $161,000 + $53,000 + $100,000
= $314,000
Answer:
Explanation:
The total equivalent units of direct materials and conversion costs for the month has been computed and attached.
Note that the conversion cost for the ending work in process was calculated as:
= $35,000 × 28%
= $35,000 × 0.28
= $9,800
Check the attachment for further analysis.
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Answer: periodic inventory system
Explanation:
The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.
In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.
I would say no. Use a website like Britannica
