Answer:
d. $166,000
Explanation:
Under the weighted average method, cost to be accounted =
cost ending work in process inventory of $18,000 + cost of unit to be transfer out of $148,00
Deposit (PV): $10,000
Years between the 18th month and the fifth year (n) = 3.5
(I)=7% yearly interest rate
Simple interest approach accumulated value equals P*(1+(i*n)).
=1000*(1+(7%*3.5))
=1245
Thus, the total value at the end of five years will be $1245.
Compound interest method accumulated value equals P*(1+i)n
=1000*(1+7%)^3.5
=1267.19
Therefore, the total value after five years will be $1267.19.
Learn more about simple interest here ;
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Answer:
$182,900
Explanation:
With regards to the above, after adjusting for the under allocated manufacturing overhead, cost of goods sold would be
= Under allocated balance of manufacturing overhead + cost of goods sold
= $ 12,400 + $170,500
= $182,900
