Answer:
$5,000
Explanation:
<em>Note that Lakeland Chemical manufactures uses weighted-average method of process costing</em>
Equivalent units
Materials = 9,000
Conversion Costs = 7,500
Total Costs
Materials = $20,500
Conversion Costs = $15,000
Cost per equivalent units
Materials =
Conversion Costs =
Total Cost in remaining in work in process
Total Cost
The total costs remaining in work in process on May 31 are $5,000.
Answer:
medium of exchange. since it is being offered in exchange for the car
Under picture tools, on the format tab, in the adjust group.
Answer:
See the explanation below.
Explanation:
Fair value of expired option = 60,000 * $1 * 10% = $6,000
Journal entries will be as follows:
<u>Details Dr ($) Cr ($) </u>
Paid-in capital - stock options 6,000
Paid-in capital - expiration to stock options 6,000
<u>
</u><em><u>To record the expiration of stock option </u></em>
