Answer:
c. $74,000
Explanation:
Raw Material Ending Inventory = Raw Material Beginning Inventory + Purchases - Cost of material for the year
Raw Material Ending Inventory = Raw Material Beginning Inventory + (Total Purchases- Indirect material purchased) - Cost of material for the year
$25,000 = $27,000 + ( $100,000 - $28,000 ) - Cost of material for the year
$25,000 = $27,000 + 72,000 - Cost of material for the year
$25,000 = $99,000 - Cost of material for the year
Cost of material for the year = $99,000 - $25,000
Cost of material for the year = $74,000
Answer:
The correct answer is letter "A": a clustered bar chart.
Explanation:
A clustered bar chart is a graph that displays clustered bars one next to the other where each bar represents one variable. Those bars can be drawn vertically and horizontally. The group of data is used labeled into two categories one of them in the "X" axis and the other in the "Y" axis. The information is entered and the fluctuations in the variables can be compared by measuring the size of the bars.
Answer:
If LIFO inventory at the end of 2016 would have been $80,000 higher using FIFO, it means that when using FIFO the cost of goods sold would have been 80,000 lower.
Which would mean that the reproted retained earnings would have been 1,750,000+ 80,000=1,830,000
Debit Credit
Inventory 80,000
Costs of good sold 80,000
Explanation:
Answer:
Dividends paid to preferred shareholders in 2007 = $60,000
Dividends paid to common shareholders in 2007 = $15,000
Explanation:
The Dividends paid to preferred shareholders in 2007 = 6% * $100 * 10,000 shares
The Dividends paid to preferred shareholders in 2007 = 0.06*100*10,000
The Dividends paid to preferred shareholders in 2007 = $60,000
Dividends paid to common shareholders in 2007 = Cash dividend paid in 2007 - Dividends paid to preferred shareholders
Dividends paid to common shareholders in 2007 = $75,000 - $60,000
Dividends paid to common shareholders in 2007 = $15,000