having a few transit tickets on hand
Answer:
Cash disbursements for insurance would be $ 168,700.
Explanation:
In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.
Payments = Prepaid current period + expenses - opening prepaid balance
Payments = 197,000 + 62,000 - 90,300 = $ 168,700
Answer:
Equivalent Units Materials 1700 Conversion 2630
<u>Cost per EUP Materials:</u> 38.308 Conversion : 19.55
Explanation:
The weighted average method can be calculated using the beginning inventory and the units started .
Kahil Mfg
Weighted Average Method
Particulars Units % Of Completion Equivalent Units
Materials Conversion Materials Conversion
Beginning
Inventory 400 70 85 280 350
<u>Units Started 3800 40 60 1520 2280 </u>
<u>Equivalent Units 1700 2630</u>
<u />
Beginning WIP Inventory costs
Direct material Conversion
$ 4,349 4,658
Current period costs
<u> 60,775 46,750 </u>
<u>Total Costs 65,124 51,408 </u>
<u />
<u>Cost per EUP</u>
65,124/1700 51,408/2630
38.308 19.55
Car or vehicle should be the answer or try automotive transport
