Answer:
Explanation:
Number of completed barrels = 216 + (244-216)*60%
= 233 barrels
Cost per barrel = (3245+3230)/233 = 27.8
Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions
Cost of work in process ending inventory = (244-216)*60% * 27.8
= 467.04 million
 
        
             
        
        
        
Post a picture or something because that doesn’t make any sense
        
             
        
        
        
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
        
             
        
        
        
Answer:
Journal Entry
General Ledger                   Dr.          Cr.
Cash                                 $7,085
Sales Tax Payable                           $585
Sales                                                 $6,500
Explanation:
Sales tax is the amount of tax collected by the business on the taxable sales from customers on behalf of government and pay it to government after that. Sales tax will be included in the cash received from the customer and recorded as the payable for the business.
Sales Value = $6,500
Sales Tax = 9%
Sales inclusive of Sales tax = $6,500 x 109% = $6,500 x 1.09 = $7,085