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Mkey [24]
4 years ago
7

In perpetual inventory system with process costing, the cost of units sold is recorded by debiting cost of goods sold and credit

ing ________. 48) ______
a. wages payable

b. sales revenue

c. finished goods inventory

d. work-in-process inventory
Business
2 answers:
koban [17]4 years ago
7 0

Answer:

"C"

Explanation:

Perpetual inventory is an inventory method that monitors the flow of inventory through a business operation.

Process cost is a costing system that allocates cost to goods and services produced over a period of time, either in a month or as otherwise decided. It is also practiced through sharing of cost over goods produced in a batch.

In perpetual inventory with process costing , the cost of units sold is recorded by debiting cost of goods sold and crediting finished goods inventory.

Mars2501 [29]4 years ago
3 0

sdafsddsfasdfasdfdsfasfs

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What is different between administration and management?
atroni [7]

Answer:

1. Management is a systematic way of managing people and things within the organization. The administration is defined as an act of administering the whole organization by a group of people. ... Management is an activity of business and functional level, whereas Administration is a high-level activity.

Explanation:

hope it helps

6 0
3 years ago
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
nydimaria [60]

Answer:

The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:

= $450.

Explanation:

a) Data and Calculations:

On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.

                                                           Units           Unit Cost    Total Cost

Beginning inventory on January 1      320              $ 3.00          $960

Purchase on January 9                         80                 3.20             256

Purchase on January 25                     100                 3.34              334

Tota units available for sale               500                                 $1,550

Sales on January 26                          350                                  $1,100

Ending inventory at January 31          150               $3.00          $450

8 0
3 years ago
Consumers who refuse to sacrifice style, but achieve it on a budget are called ________.
MaRussiya [10]
<span>Consumers who refuse to sacrifice style, but achieve it on a budget are called frugalistas.
Many people buy things on sales like christmas sales, black friday sales because on these sales all thing they buy are on their budget and if they see style and fashion, brand etc it will cost them too much so these consumers are known as frugalistas.</span>
4 0
4 years ago
Kluber, Inc. had net income of $917,000 based on variable costing. Beginning and ending inventories were 56,700 units and 55,400
Nana76 [90]

Answer:

The answer is "\$235,410".

Explanation:

Variable cost net income =\$917,000

Less: Fixed overhead start  56,700\times \$2.10=\$119,070

Add: Fixed overhead termination  55,400\times $2.10=\$11,6340

Net revenue at cost of absorption =\$235,410

3 0
3 years ago
If consumers view the output of any firm in a market to be identical to the output of any other firm in the market and the marke
hichkok12 [17]

Answer:

B. will be horizontal

Explanation:

A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are​ low is the perfect competition.

The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.

But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.

I hope my answer helps you

7 0
3 years ago
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