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Kay [80]
3 years ago
10

A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,

000 units in beginning Work in Process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending Work in Process inventory and are 68% complete. Compute the number of equivalent units produced by the department.
Business
1 answer:
harkovskaia [24]3 years ago
7 0
I’m not sure but 181,500
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Robots
inysia [295]

Based on the PPC given, the points given would represent the following:

  • Point B = Efficient use of resources.
  • Point X = Impossible use of resources.
  • Point A = Underutilized resources.

<h3>What do points on the PPC represent/</h3>

Points on the curve represent the efficient usage of resources because they show that all available resources are being used. Points B, C, and D are therefore all efficient.

Point X is impossible because all points outside of the PPC are not attainable due to a lack of resources. Point A shows that the available resources are not being fully utilized.

Options to describe the points:

  • Efficient use of resources
  • Under utilized resources
  • Economic growth
  • Trade-off
  • Opportunity cost

Find out more on the PPC at brainly.com/question/2617319.

#SPJ1

3 0
2 years ago
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10
gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

<u>Particulars                                                  Amount ($)  </u>

Opening balance                                       400,000

Income for the year                                    408,000  

Dividend Paid (220,000 + 240,000)        (460,000)

Loss on sale of treasury stock               <u>        (1,875)    </u>

Ending balance                                     <u>      346,125   </u>

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

<u>Particulars                                                        Amount ($)</u>

Common stock issued ($20 * 60,000)               1,200,000

Paid-in capital in excess of par v - c. stock     <u>        70,000  </u>

Total contributed Capital                                     1,270,000

Retained Earnings                                      <u>      346,125  </u>

Total Stockholder's Equity                             <u>     1,616,125  </u>

Download xlsx
3 0
3 years ago
The career area of chemistry which is involved in the manufacturing of products is: - marketing - R&amp;D - product development
AlekseyPX

Answer:

The correct answer is Chemical production.

Explanation:

The chemical industry deals with the extraction and processing of raw materials, both natural and synthetic, and their transformation into other substances with different characteristics than they originally had, to meet the needs of people, improving their quality of life. Its main objective is to develop a good quality product with the lowest possible cost, and trying to cause the least damage to the environment. The raw materials correspond to various materials extracted from nature in order to manufacture consumer goods. It can be classified according to its origin: animal, vegetable and mineral.

5 0
3 years ago
Jeff Heun,president of Concrete Always, agrees to construct a concrete cartpath at Dakota Golf Club. Concrete Always enters into
nataly862011 [7]

Answer:

a. $234,000

b. $239,000

Explanation:

a. The transaction price is

= Construction cost + Performance bonus on the time of completion × project complete on time percentage + performance bonus after one week × one week late percentage + performance bonus after two week × two week late percentage

= $200,000 + $40,000 × 0.55 + $30,000 × 0.30 + $20,000 × 0.15

= $200,000 + $22,000 + $9,000 + $3,000

= $234,000

b. The transaction price is

= Construction cost + Performance bonus on the time of completion × project complete on time probability + performance bonus after one week × one week late probability

= $200,000 + $40,000 × 90% + $30,000 × 10%

= $200,000 + $36,000 + $3,000

= $239,000

The after one week is

= $40,000 - $10,000

= $30,000

The after two week is

= $40,000 - $10,000 - $10,000

= $20,000

5 0
3 years ago
Which of the following is most important to keep in mind when coming up with ideas for new products
Tcecarenko [31]
What are the options?
3 0
3 years ago
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