Answer:
amount allocated to the work-in-process ending inventory $ 30,000
Explanation:
Spoilage is treated as abnormal loss.
Completed units of Finished goods = 5000 units (100% complete)
Abnormal loss units = 4000 units (100% complete as loss detected on completion)
Closing WIP units = 1000 units (100% complete in respect to material )
Total equivalent unit for material = 10,000 units
Total cost of material = $300,000
Material cost per equivalent unit = $ 30 per equivalent unit
Material cost in Closing WIP(1000 units @30) = $ 30,000
Answer:
the demand for blu ray will increase and the equilibrium price of blu-ray players would increase.
Explanation:
Complement goods are goods that are consumed together.
If the price of LCDs reduce, demand would increase. This is line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the demand for LCD increases, the demand for blu ray will increase. Increase in demand would lead to a rise in price.
Answer:
$375,000
Explanation:
New Navy Stores Co. had Merchandise Inventories of $150,000 on January 1st. During the year, the company purchased $230,000. A count of the inventory on December 31st, found total inventories remaining of $105,000.
The Cost of goods sold for the year is derived by
Beginning Inventory .........150,000
Add: Purchases..................230,000
Goods Available for sale..480,000
Less: Ending Inventory......105,000
Cost of Goods Sold...........375,000
If the exchange rate for mexican pesos has changed from 10 pesos to 9 pesos per dollar, The value of the Peso has increased.
This current situation meant in order to obtain the same amount of Peso, US dollar's holders need to sacrifice more amount of US dollar. This indicates either Mexican's economy is improving or United States economy is deteriorating.
Answer:
The correct answer is letter "C": money with intrinsic value.
Explanation:
Commodity money refers to the value items have themselves (intrinsic) and the value they have to purchase other goods. Commodity money opposes fiat money which is a currency issued by governments with a value imposed that does not represent the actual value of the paper or coin it is. In such a case, fiat money is only used as a medium of exchange.