Answer:
Equivalent units of production= 210,000 units
Explanation:
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
<u>We need to use the following formula:</u>
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 205,000 + (12,500*0.4)
Equivalent units of production= 210,000 units
Answer:
The amount of safety time needed to protect a particular path in a project is less than the sum of the safety times required to protect the individual activities making up the path
See explanation below
Explanation:
Is important to remember two important concepts:
Safety Stock
Defined as an "additional quantity of an item held in inventory in order to reduce the risk that the item will be out of stock. Safety stock helps in case the sales of an item are greater than planned or in case that the supplier would be unable to deliver additional units at the expected time".
Safety Lead Time
Defined as a form to represent your safety stock as a number of days, months, years of the demand. and is very useful in order to determine how many time we can have supply the demand required
Based on these defintions the best answer for the phrase proposed would be:
The amount of safety time needed to protect a particular path in a project is less than the sum of the safety times required to protect the individual activities making up the path
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Answer:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
Explanation:
The journal entry is shown below:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
For recording this we debited the inventory as it increased the assets and credited the accumulated depletion as it decreased the assets
The computation is shown below:
= (Cost of coal mine + intangible development cost + estimated fair value of the obligation - sales value) ÷ (extracted estimated tons) × (extracted tons for the first year)
= ($420,000 + $105,000 + $84,000 - $168,000) ÷ (4,200 tons) × (735 tons)
= $77,175