Answer:
The total cost to be accounted for under the weighted-average method would be $184,000
Explanation:
Given information ,
Beginning work in process inventory = $22,000
Ending work in process inventory = $27,000.
The cost of units transferred out from the department = $157,000
Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.
Total cost = The cost of units transferred out from the department + Ending work in process inventory
= $157,000 + $27,000
= $184,000
Thus, the total cost to be accounted for under the weighted-average method would be $184,000
Answer:
A. Retained earnings
Explanation:
The retained earnings and the paid-in Capital are components of the stockholder's equity in the balance sheet.
The retained earnings is the accumulated net income balance over the years. It is affected by the company's profit or loss and dividend declared and paid.
The common stock and Additional paid-In capital are elements of the paid-in Capital .
Answer:
The equivalent units for <em>materials and conversion</em> are 74,600 and 74,400 respectively for the Forming Department.
Explanation:
Equivalent unit of material
= 14000 x 60% + 56000 x 100% + 12000 x 85%
= 74600
Equivalent unit of conversion
= 14000 x 80% + 56000 x 100% + 12000 x 60%
= 74400
If supply decreases and demand remains stable, the price mechanically moves up since richer people are ready to pay more to get gasoline.
Of course companies selling gasoline want to maximize their profit so they will increase the price.
Right answer is A.
