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
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)

You might be interested in
Antoine is proud of his team of warm, knowledgeable, and ethical recruiters at Luvia Insurance. They are sure to give realistic
hoa [83]

Answer: Candidates are not getting timely feedback about their applications.

Explanation:

From the information provided in the question, we realize that Antoine has a team of knowledgeable, and ethical recruiters at Luvia Insurance.

Despite this, Antoine observed that the number of applicants who accept offers has reduced and he realized that developed an unfavorable opinion of Luvia Insurance.

The most likely reason for this is that the candidates do not getting timely feedback about their applications. In a case whereby this occurs, the applicants would go to other companies who have reviewed their applications quicker and they've gotten a feedback from on time.

7 0
4 years ago
real-time Incorporated considers purchase of a new machine that cost $40,000 and requires an increase in net operating working c
Tems11 [23]

Answer: $42,000

Explanation:

The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.

Net investment at time 0 = Cost of machine + increase in net operating capital

= 40,000 + 2,000

= $42,000

4 0
3 years ago
The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 70 percent of the next mo
Dahasolnce [82]

Answer:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

MISSING INFORMATION ATTACHED

Explanation:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

The sales forecasted plus the desired ending inventory is the complete needs the sales department expect to be fullfill

Then, as the company has a beginning invneotry each period a portion of this needs is already fullfil thus, the difference are the production requirements.

7 0
4 years ago
When both Ben and Arthur turned 65, they decided to compare their investment accounts. Who do you think had more? Ben, with his
disa [49]
No explain’ 3’wj need why can you are
8 0
3 years ago
What strategy is american tile corp. using when it acquires a company that makes industrial cleaning products that american tile
wlad13 [49]

Diversification strategy is American tile corp. using when it acquires a company that makes industrial cleaning products that American tile does not currently offer.

When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification.

One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth techniques is more likely to work for your firm than the others, depending on the sector, size, and ambition of your business. As follows:

Product Development

Penetration

Market Diversification and

Development

Learn more about Diversification here

brainly.com/question/417234

#SPJ4

4 0
2 years ago
Other questions:
  • Maxwell and Jim have resided together for several years but are not married. Maxwell is concerned that if he dies first, his fam
    12·1 answer
  • With reference to John Holland's personality-job fit theory, people belonging to the investigating type prefer ________. physica
    13·2 answers
  • Why did many Americans fear Vladimir I. Lenin and his followers, the Bolsheviks?
    9·1 answer
  • Devon was in a plane crash and suffered quite a few injuries. For months afterward, he had nightmares about the event, and he wa
    11·1 answer
  • Waterway Industries required production for June is 172000 units. To make one unit of finished product, three pounds of direct m
    14·1 answer
  • Which of the following is usually an effect of an embargo?
    9·1 answer
  • Which of the following statements best expresses how courts treat legal
    7·2 answers
  • The long-run industry supply curve is the graphic representation of the quantity of output that the industry is prepared to a. s
    11·1 answer
  • _____ is the quantity of a good or service that people are willing to buy at various prices. Group of answer choices Capacity Ma
    8·1 answer
  • 3. Businesses not associated with the government are referred to as what type of jobs?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!