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dalvyx [7]
3 years ago
10

During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.

The journal entries to record these transactions would include a:
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

Date   Journal entries             Debit          Credit

          Finished Goods          $50,000

              Work in Process                          $50,000

          Cost of Goods Sold $56,000

               Finished Goods                          $56,000

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Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

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3) The costs about insurance, taxes, etc.  

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As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0
3 years ago
Explain how and why governments may want to regulate the price setting of a natural monopoly.
Lilit [14]
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4 years ago
Justin Company's budget includes the following credit sales for the current year: September, $40,000; October, $51,000; November
zheka24 [161]

Answer:

$45,350

Explanation:

Follow the Company`s collection history to determine the November Cash Collection.

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Collected for 1st month after sale - 60% x $51,000         $30,600

Collected for 2nd month after sale - 20% x $40,000        $8,000

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7 0
3 years ago
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Answer: See explanation

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3 years ago
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