1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
atroni [7]
3 years ago
15

The following information is available for Carter Corporation: Materials inventory decreased $4,000. Materials inventory on Dece

mber 31 was 50% of materials inventory on January 1. Beginning work in process inventory was $145,000. Ending finished goods inventory was $65,000. Purchases of direct materials were $154,700. Direct materials used were 2.5 times the cost of direct labor. Total manufacturing costs incurred were $246,400, which is 80% of cost of goods manufactured and $156,000 less than cost of goods sold. Note to students: The answers are not necessarily calculated in alphabetical order. a. Compute finished goods inventory on January 1.
Business
1 answer:
svetlana [45]3 years ago
6 0

Answer: $159,400

Explanation:

Finished goods inventory on January 1 is:

= Cost of goods sold + Ending finished goods inventory - Cost of goods manufactured

Cost of goods sold = Manufacturing cost + 156,000

= 246,400 + 156,000

= $402,400

Cost of goods manufactured = Manufacturing costs / 80%

= 246,400 / 80%

= $308,000

Finished goods inventory = 402,400 + 65,000 - 308,000

= $159,400

You might be interested in
Is 6 ft greater than 72 inches
Rudik [331]
No, 6ft=72in. There the same.
3 0
3 years ago
Read 2 more answers
Consider a 10-year bond with a face value of $1,000 that has a coupon rate of 5.5%, with semiannual payments.
DiKsa [7]

Explanation:

It all depends on the market conventions and the bond documentation.

1 In most countries, traditionally fixed coupon bonds don’t have their coupons day counted. So if the frequency is twice a year, and the annual coupon rate is 5.5%, then each semi-annual coupon is exactly 5.5/2=2.75%. However a lot of other instruments, e.g. fixed swap legs, loans, and bonds that are really “loan participation notes”, etc. usually have their fixed coupons day counted. So each coupon amount will vary a little depending on the number of days in the accrual period, weekends and holidays.

5 0
3 years ago
Accounting
kvv77 [185]

Answer:

I cannot see the picture

Explanation:

sorey

8 0
2 years ago
What value of a measurement must be available if the accuracy of a measurement is to be determined?
Agata [3.3K]
The answer is the correct value
<span>To evaluate the accuracy of a measurement, the measured value must be compared to the correct value and  you must compare the values of two or more repeated measurements
By doing this, you will have a set of standard to follow to make sure that the result of your research still placed within the scope of standards that accepted by experts in your field, which reduce the likelihood of your result to be considered as invalid.</span>
6 0
3 years ago
A research _______ is a general plan for implementing the research strategy.
siniylev [52]
Is there answer choices if not
I think it is Design.
8 0
3 years ago
Other questions:
  • Located predominately in Europe, stores called ________ are based on the concept of one-stop shopping for consumers. Such retail
    15·1 answer
  • You have been investing $300 a month for the last 8 years. Today, your investment account is worth $43,262. What is your average
    15·1 answer
  • Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming yea
    9·1 answer
  • Three people invest in a business. The first two invest in the ratio 2:3, and the third person
    8·1 answer
  • Global Investments is considering a project that will produce cash inflows of $11,000 in year 1, $24,000 in year 2, and $36,000
    5·1 answer
  • Lynn, the manager of a transportation company, goes through the product delivery schedule. She assigns territories to each execu
    6·1 answer
  • Cory issued a note to his creditor in exchange for an account. Cory records the transaction by debiting
    11·2 answers
  • What are control accounts in accounting??​
    14·2 answers
  • Many organizations use the same process capability standard for all their products or services (e.g., 1.33), but some companies
    13·1 answer
  • More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at cambridge botanic garden.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!