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ikadub [295]
3 years ago
8

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 58,000

units to Department C. Also in Department B during the period, 14,000 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was___________.A. 63,600 units.B. 66,400 units.C. 72,000 units.D. 58,000 units.E. 49,600 units.
Business
1 answer:
Anni [7]3 years ago
3 0

Answer:

Option (B) is correct.

Explanation:

Given that,

During a period, Department B finished and transferred to Department C = 58,000 units

In Department B during the period units started = 14,000

Brought only to a stage of being 60% completed.

The number of equivalent units produced by Department B during the period was:

= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)

=  58,000 units + (14,000 units × 60%)

= 58,000 units + 8,400 units

= 66,400 units

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7 0
2 years ago
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Answer:

$24,800

Explanation:

Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.

Cash flow from Operating Activities

Net income                                                     $22,000

Add Depreciation Expense                            $10,800

Less gain on the sale of equipment was         ($500)

Decrease in Inventory                                      $7,800

Decrease in Accounts Payable                     ($8,400)

Increase in Accounts Receivable                 ($6,900)

net cash provided operating activities        $24,800                                                        

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6 0
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