Answer:
C. Increase cost of goods sold and decrease inventory by $16,400
Explanation:
When Inventory is purchased, Debit Inventory and credit Cash/Accounts payable. As Inventories are sold, debit (increase) cost of goods sold (with the cost of the items sold) and Credit (decrease) Inventory account.
Using the first in first out method, the 4,000 units sold must have consisted of the following purchases;
- 2000 units on January 1
- 2000 units from the 3000 on January 13
Hence the cost of goods sold
= 2000 * $4 + 2000 * $4.20
= $16,400
Answer:
Date Accounts Receivable Debit Credit
XX-XX-XXXX Work in Process $11,330
Wages Payable $11,330
Date Accounts Receivable Debit Credit
XX-XX-XXXX Work in Process $5,665
Manufacturing overhead $5,665
<u>Working</u>
Total labor cost:
= Partner cost + Senior manager cost + Staff accountants
= (5 * 450) + (13 * 160) + (100 * 70)
= $11,330
Overhead is 50% of direct labor cost:
= 11,330 * 50%
= $5,665
Productivity, hope this helps:)
Speak with confidence
encourage the interviewer to do most of the talking- after all he is the interviewer, you don't want to dominate the interview
It is important to note that politics and the economy have effects on the transportation industry, as the industry is ever changing with new policies, regulations, or capacity issues.
Politicians and the policies they create dictate the US economy, effecting all industries. It is seen that the transportation industry saw effects because of the trade and tariff wars. The overall regulations depend largely on the economic and political outlook of the party in power.
For instance, a government that is inclined to pursue neo-liberal policies, could pass more legislations favoring industries and big businesses, while a government inspired by socialism could push policies favoring small businesses.
Hence, the answer was given and explained above.
To learn more about politics and political party here:
brainly.com/question/12548909
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