Answer:
$157 per equivalent unit
Explanation:
Note: <em>The full question is attached as picture below</em>
<em />
Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs
Conversion cost per equivalent unit = $1,100,000 / 7000 units
Conversion cost per equivalent unit = $157.14286
Conversion cost per equivalent unit = $157 per equivalent unit
Credit, job, be of the age 18
Hey there!
(economic) growth is when the country or the city is more wealthy in money. This would mean that there are not lacking in making this city or ect, look good, they have food to eat, water, and this is what make a economic city place look good. It is also when places have money to use on other thing's as a skating rink or things of that case.
The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>
<h3>Recording the transaction</h3>
The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.
The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.
Find out more on recording Notes Payable at brainly.com/question/17073934.
