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DIA [1.3K]
3 years ago
10

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 12,300units Units

transferred in16,900units Work in process ending inventory, June 304,300units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. How many units were started and completed in June
Business
1 answer:
solniwko [45]3 years ago
4 0

Answer:

the number of units started and completed in June is 24,900 units

Explanation:

The computation of the number of units started and completed in June is shown below;

= Opening work in process inventory + transferred units - ending work in process units

= 12,300 units + 16,900 units - 4,300 units

= 24,900 units

hence, the  number of units started and completed in June is 24,900 units

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Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 a
Levart [38]

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail  = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Download xlsx
5 0
3 years ago
You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000
zloy xaker [14]

Answer:

A

Explanation:

In this case the rate that allows you to bring annual disbursements to a single value is the IRR (internal return), in this case 22.64%

8 0
4 years ago
Although e-mail has replaced paper memos for many messages inside organizations and for some letters to external audiences, hard
Ostrovityanka [42]

Answer:

True

Explanation:

The reason is that hard copies are mostly authentic and are attested from the third party which increases the weight of the information. The registeration of cars and other expensive items are registered with their relevant authorities and those authorities issue paper of ownership to the owners which carry more weight.

8 0
3 years ago
In the rational choice decision process model, which of the following immediately follows the step where possible choices have b
nata0808 [166]

Answer:

Correct Answer:

b. Select the choice with the highest value.

Explanation:

In the rational choice decision process model, it is a series of process whereby steps are taking towards making a beneficial decision for a given business setup. <em>In a situation where </em><u><em>possible choices has been discovered,</em></u><em> the next step would be </em><u><em>to select the choice with the highest value which is going to be implemented.</em></u>

3 0
3 years ago
Kloss Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $300 mil
tia_tia [17]

Answer:

$256,196,490      

Explanation:

The computation of the interest expense recognized in 2021 income statement is shown below:

For cash interest for 3 months, it would be

= $300,000,000 × 4% × 3 months ÷ 12 months

=  $3,000,000

For 3 months, it would be

= $255,369,000 × 6% × 3 months ÷ 12 months

=  $3,830,490    

The change in carrying value is

=  $3,830,490  - $3,000,000

= $830,490

So, the interest expense is

= $255,369,000 + $830,490

=  $256,196,490      

The 3 months is calculated from October 1 to December 31

3 0
3 years ago
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