That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
Answer:
C. When inventory is delivered to a customer
Explanation:
As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market
But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted
Answer:
Equivalent Units Materials 1700 Conversion 2630
<u>Cost per EUP Materials:</u> 38.308 Conversion : 19.55
Explanation:
The weighted average method can be calculated using the beginning inventory and the units started .
Kahil Mfg
Weighted Average Method
Particulars Units % Of Completion Equivalent Units
Materials Conversion Materials Conversion
Beginning
Inventory 400 70 85 280 350
<u>Units Started 3800 40 60 1520 2280 </u>
<u>Equivalent Units 1700 2630</u>
<u />
Beginning WIP Inventory costs
Direct material Conversion
$ 4,349 4,658
Current period costs
<u> 60,775 46,750 </u>
<u>Total Costs 65,124 51,408 </u>
<u />
<u>Cost per EUP</u>
65,124/1700 51,408/2630
38.308 19.55
Answer:
A. ensure lenders are rapaid.