1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LekaFEV [45]
3 years ago
10

In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and en

ding work in process inventory of $35,000. During the month, $427,000 of costs were added to production and the cost of units transferred out from the department was $428,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for November, the total cost to be accounted for would be:__________.a) $890,000b) $71,000c) $463,000d) $926,000
Business
1 answer:
o-na [289]3 years ago
6 0

Answer:

c) $463,000

Explanation:

<u> Goodsell Corporation </u>

<u>FIFO Method </u>

<u></u>

Current Costs

Costs Added                  $ 427,000

<u>Add Beginning Work in Process Inventory  $36,000</u>

<u>Total Current Cost                                      $ 463,000</u>

Cost Transferred Out                   $ 428,000

<u> Add Ending Work in Process Inventory  $35,000</u>

<u>Total Current Cost                                      $ 463,000</u>

FIFO assigns the current period costs to the inventories. Current period costs are obtained by adding the costs transferred out and ending inventories costs  or beginning costs and costs added.

You might be interested in
the following steps is the first to be completed by a business when planning and introducing a new product? (a) production, (b)
Phantasy [73]
The answer is (a) research because businesses must study their target group and check whether their proposed product will satisfy their needs or wants.
6 0
4 years ago
In which stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer aw
Ghella [55]

Introduction Stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer awareness of a product and its features.

Explanation:

We buy millions of goods every year as customers. And these goods have a life cycle just as we do.

The process of life of the product has 4 stages, each of which has specific characteristics, which mean different for the organisation trying to handle the life cycle of its individual products.

Introduction Stage : This stage of the cycle could make the company announcing a new product the most expensive. The item's market size is too small, which means that sales are weak, but they will be rise.

Growth Stage: The growth phase usually features a significant increase in sales and earnings, which will boost the gross margin as well as the general profit ratio as the enterprise will continue to benefit from economy of scale in manufacturing.

Maturity Stage: The product will now be developed during the maturity stage, and the manufacturer's goal will now be to maintain their market share.

Decline Stage: Ultimately, a commodity demand may continue to decrease, and this is known as the period of decrease.

3 0
4 years ago
if the APY of the savings account is 1.8% and if the principal of the savings account was $2,200 for an entire year what will th
zalisa [80]
2596.balance for year
7 0
4 years ago
Margaret wants to order a new cell phone case. She's found the one she wants on four different websites. The prices and shipping
MrRa [10]
<span>A. Cell phone case is $10. Shipping and handling is $3 and is not taxable. Tax is 5% loos like the best deall.</span>
4 0
4 years ago
Read 2 more answers
1. led a tax rebellion Columbus 2. commander in chief in Revolution Andrew Jackson 3. financial plan established United States e
gogolik [260]

Answer:

The correct answer are:

1. Daniel Shays; 2. George Washington; 3. Alexander Hamilton; 4. Thomas Jefferson; 5. Columbus; 6. Francis Scott Key; 7. Andrew Jackson; 8. Lewis and Clark.

Explanation:

The American Revolution shook the entire world. The thirteen British colonies that would become the United States of America, fought and won the battle against the most powerful imperial power on the planet. In the years that followed the American victory over the British, the hopes of the masses were betrayed. Consequently, there were many popular movements and uprisings. But none had such a great impact on the psychology of the ruling class and the future structure of the US government as the Shays Rebellion of 1786-87, which some have called "The Final Battle of the American Revolution."

Considered the "Father of the Fatherland," George Washington was a celebrated general, farmer, entrepreneur and the first president of the United States.

Alexander Hamilton was an American politician. He was a young lawyer from New York when the War of Independence broke out in the thirteen British colonies of North America (1775-83). In 1777 he became secretary of George Washington, commander in chief of the insurgent army.

8 0
4 years ago
Other questions:
  • Alex works at the Pretzel Factory. The customers always compliment the pretzels Alex makes, saying they taste better than any ot
    5·1 answer
  • Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made
    5·2 answers
  • In 1985, you received a
    11·1 answer
  • Assume Brandon can buy either 1 DVD for $20 or 3 CDs for $25. What is the opportunity cost if he decides to buy 3 CDs? Select th
    12·1 answer
  • Michael corporation manufactures railroad​ cars, which is its only product. the standards for the railroad cars are as​ follows:
    6·1 answer
  • Which of the following ratios measures how effectively a firm is managing its assets?a. quick ratiob. times interest earnedc. pr
    5·1 answer
  • Higher credit ratings are associated with more
    14·1 answer
  • Holtzman Clothiers's stock currently sells for $19.00 a share. It just paid a dividend of $4.00 a share (i.e., D0 = $4.00). The
    11·1 answer
  • QUESTION ONE
    13·1 answer
  • Angela's company requires her to be at work between the hours of 10:00 a.m. and 2:00 p.m. other than that, she is free to create
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!