Answer:
775 units
Explanation:
By forecast,
June sales = 400 units
July sales = 700 units
if ending inventory equal to 125% of next month's sales
Then June's ending inventory = 125% × 700
= 875 units
May's ending inventory = 125% × 400
= 500 units
Opening inventory + production - sales = closing inventory
Using the formula above, where p = production
500 + p - 400 = 875
p = 875 - 100
p = 775
Production required for June is 775 units.
For one to be able to reconcile the number of physical units using the weighted average method of process costing, one must determine if the units were completed or still in process at the end of the period.
<h3>What is weighted average method?</h3>
The weighted average cost method is known to be a kind of process that tends to divides the cost of goods that is available using the sale by the number of units that is present for sale.
Conclusively, To find a weighted average, one has to multiply all the number by its weight, then add all the results together.
learn more about weighted average method from
brainly.com/question/26595359
Answer:
Business letters can be confidential.
Explanation: A Business letter is a formal letter used in Organisations to effectively communicate and transact business.
Examples include letters like EXPRESSION OF INTEREST LETTERS, APPOINTMENT LETTERS,LETTER OF REQUEST ETC. A business letter can be used to convey certain confidential or private information from one client to another. There are certain components of a business letter which includes the salutation,Date, Address of both the sender and the reciever,the body of the letter, conclusion etc.
Answer:
The correct answer is option A
Explanation:
A receipt of cash indicates an increase in cash which is an asset. When an asset increases, it is represented by a debit to that asset's account and the asset side of the accounting equation is also debited. Thus, a receipt of $12000 cash from stockholders will be represented by a debit or an increase to the asset account for $12000.
The other side of the transaction would be a credit to the equity for $12000 because the stockholders are the owners of the company and any capital invested by the owners in the company is represented by a credit to the equity account as the capital is credited when it increases. Thus, the effect on accounting equation will be an increase in the equity of $12000.
Answer:
Estimated Warranty Liability December 31, 2020
Debit Credit
Beginning balance $0
Actual Warranty Expenditure $12,000 Estimated total cost of $48,000
Warranty $800,000*6%
Ending Balance $36,000
$48,000 $48,000
Estimated Warranty Liability December 31, 2020
Debit Credit
2021 Servicing Expense $35,000 Beginning balance $36,000
Ending Balance $61,000 Estimated total cost of $60,000
Warranty $1,000,000*6%
$96,000 $96,000
So, the company should report an estimated warranty liability of $61,000 at Dec 31, 2021
