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alexandr1967 [171]
2 years ago
13

g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t

o materials, and 10% complete as to conversion. During the month the department started 84,000 units and transferred 86,000 units to the next manufacturing department. At the end of the month, the department had 20,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month
Business
1 answer:
Liula [17]2 years ago
7 0

Answer:

62,000 units

Explanation:

Calculation to determine how many units did the Forming Department start and complete in the current month

Total units completed and transferred 84,000 units

Less Inventory at the beginning of this month 22,000 units

Units Forming Department started and completed in the current month 62,000 units

(84,000 units-22,000 units)

Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

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Northwest Fur Co. started the year with $96,000 of merchandise inventory on hand. During the year, $430,000 in merchandise was p
fredd [130]

Answer:

The a answer is $151,642

Explanation:

Cost of sales = opening/starting inventory plus purchases minus closing/ending inventory.

Therefore, closing/ending inventory = opening/starting inventory plus purchases minus cost of sales.

Opening inventory is $96,000

To determine purchases, we will factor in freight-in fee, merchandise return, discount received.

So purchase is:

Purchase on credit--------$430,000

Freight-in-----------------------$7,000

Merchandise return--------($4,100)

Discount received ([$430,000 - $4,100]x 1%)--------------------($4,259)

Purchase =$428,641

Cost of goods sold is $373,000

Therefore, ending or closing inventory is:

$96,000 + $428,641 - $373,000

=$151,642

3 0
3 years ago
A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most like
konstantin123 [22]
A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will be less costly to create.
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3 years ago
What was the innovative way pears’ soap marketed its product?
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Brand name was the innovative way pears’ soap marketed its product.

Brand name is one of the brand elements by which customers are helped to identify and differentiate one product from another. It should be chosen very carefully.

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Choice of a brand name requires a lot of research. Brand names are not necessary to be associated with the product.

For example , brand names can be based on places such as Air India or British Airways, animals or birds name such as Dove soap, Puma, people name such as Louise Phillips, Allen Solly etc. In some instances, the company name is used for all products  for example, General Electric, LG.

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6 0
1 year ago
On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May
Kazeer [188]

Explanation:

May 7

Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount

May 13

Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000

Journal entries

DATE                                     Particulars                                             Amount

May 7th                    Account receivable (+A) Dr.                                $4,000

                                                to Sales revenue (+Equity)                  $4,000

                                        ( To record the credit sales)

May 13th                 Cash (+A)  Dr.                                                         $4,000

                                                 to Accounts receivable(-A)                 $4,000

                                  (To record the receipt of cash)  

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How should the financial interests of stockholders be balanced with varied interests of stakeholders? If you were writing a code
kati45 [8]

Financial interest of the stockholders need to be matched with the type of investment strategy that the stockholders choose to diversify their portfolio.

Issue often arise when stockholders hope to exert a certain type of control to the company because they feel entitled to after purchasing the stocks. To address this, i would create a code of conduct that clearly specify the roles that the shareholders can and cannot take after making  the purchase.

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2 years ago
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