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Alexxx [7]
3 years ago
9

Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just comp

leted year:
Cost of goods manufactured $ 1,486,000
Cost of goods sold (unadjusted) $ 1,337,000

The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is ________.
Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

Given that,

Cost of goods manufactured = $1,486,000

Cost of goods sold (unadjusted) = $1,337,000

Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:

Finished Goods A/c        Dr. $1,486,000

To Work in process                                   $1,486,000

(Being transfer of completed goods from work in process to finished goods recorded)

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Answer:

sunk cost.

Explanation:

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Hence, a cost incurred in the past that is not relevant to any current decision is classified as a sunk cost.

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3 years ago
Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (
tatuchka [14]

Answer:

8.54%

Explanation:

Current Index value:

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Answer:

1969.6%

Explanation:

The computation of the effective annual rate is given below;

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Answer:

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