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3 years ago

Which of the following values should be inserted to correctly balance the ledger shown below?

1 answer:

8 0

In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
This would leave you with $323.96
Hope This helps :)

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Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076

Xelga [282]

Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

3 0

3 years ago

Bold Stapler Sales Company (BSS) began 2019 with cash of $80,000, inventory of $7,200 (400 staplers that cost $18 each), $2,000

viva [34]

Answer:

Bold Stapler Sales Company (BSS)

FIFO LIFO Weighted Average

Ending inventory $4,500 $3,240 $4,122

Cost of goods sold $96,300 $97,560 $96,678

Explanation:

a) Data and Calculations:

Beginning balances in 2019:

Cash $80,000

Inventory $7,200

Common stock $2,000

Retained earnings $2,000

Description Units Unit Cost Total

Beginning inventory 400 $18 $7,200

The first purchase 1,600 $21 33,600

The second purchase 2,400 $25 60,000

Goods available 4,400 $100,800

Sales of units (4,220) $45 $189,900

Ending inventory 180

FIFO:

Ending inventory = $4,500 ($25 * 180)

Cost of goods sold = $96,300 ($100,800 - $4,500)

LIFO:

Ending inventory = $3,240 ($18 * 180)

Cost of goods sold = $97,560 ($100,800 - $3,240)

Weighted Average:

Weighted average cost per unit = $22.91 ($100,800/4,400)

Ending inventory = $4,122 (22.91 * 180)

Cost of goods sold = $96,678 ($100,800 - $4,122)

8 0

3 years ago

Rent is $1,258. Phone charges last month were $46.88. Groceries cost about $115/week. What is a good estimate of your monthly ex

Papessa [141]

I'd say $1,807.00 (C)

6 0

3 years ago

Oh, no! The television was finally delivered today, but was left on the porch by the delivery company. When Jamie Lee was finall

stepan [7]

Answer:

Jamie Lee should call her credit card company and ask them to stop payment for the television since the company has refused to accept a return of the television.

Explanation:

The Fair Credit Billing Act is a law that protects customers from different types of disputed charges. According to this law an individual has the right to stop the payment of a service he/she is not completely satisfied with.

This law protects a customer from unfair billing practices such as errors in calculation, wrong address. This law only applies to customers that have a credit card. This law is very important because it enables a customer to withhold payment for displeased services.

6 0

3 years ago

what is an everyday example of scarcity that demonstrates why scarcity is a basic economic problem that faces society?

zhannawk [14.2K]

of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper

7 0

3 years ago