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OLga [1]
4 years ago
15

Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account

. The par value of Flagler's common stock is $7. How many shares of Flagler stock have been issued?
a. 170,000.
b. 150,000.
c. 320,000.
d. It cannot be determined
Business
1 answer:
il63 [147K]4 years ago
5 0
C) 320,000 is the answer. you’re welcome :)
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Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacture
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Answer:

1. 180,000

2.  Material  198,000

    Labor OH  192,000

Explanation:

A. calculation The number of ton pulp manufactured.

Particular                                                           Unit

Work in progress on June 1                            20,000

Add: production during the month                <u>190,000</u>

Total process unit                                           210,000

Less: work in progress on June 30               <u>30,000</u>

Total unit manufacture and transfer           <u>180,000 </u>

<u />

B. Calculation of Equivalent units.

Particular                                    Materials            Labor and Overhead

Total unit produced                     180,000                   180,000

Add: Work in progress

Material (30000*60%)                   18,000

<u>Labor and OH (30000*40%)                                         12,000</u>

Equivalent production                   198,000                192,000    

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