Answer:
Production for the third quarter 159,500
Explanation:
Sales for the period 161,000
Desired ending inventory 4,600
Total production needs 165,600
Beginning Inventory (6,100)
Production for the third quarter 159,500
The sales for the period and the desired ending inventory are the total units we need for the quarted.
the beginning inventory reduces the production because are units we already have
Answer:
goods, common, predominant-factor
Explanation:
Article 2 of the UCC deals with the sale of <u>GOODS</u>. It does not deal with real property (real estate), services, or property such as stocks and bonds. Thus, if the subject matter of a dispute is goods, the UCC governs. If it is real estate or services, the <u>COMMON </u>law applies. If a contract involves both goods and services, the courts generally use the <u>PREDOMINANT-FACTOR </u>test to determine whether to apply the UCC
Answer:
The correct answer is A will always be equal to or less than B.
Explanation:
In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.
The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.
The eight types of waste in lean manufacturing include all of the following except verifying and checking.
<h3>How to illustrate the information?</h3>
Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.
It should be noted that the types of waste include :
- Transport.
- Inventory.
- Motion.
- Waiting.
- Overproduction.
- Overprocessing.
- Defects.
- Unutilized talent.
Therefore, verifying and checking isn't an option.
<u>Complete question:</u>
The eight types of waste in lean manufacturing include all of the following except:
Transport and Inventory.
Motion and Waiting.
Overproduction and Overprocessing.
Defects and Unutilized talent.
Verifying and Checking.
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The correct actions to show the journalized transaction of the sale of the piece of land by ABC Co. are:
- 1. 4,000 is entered in the cash dr column
- 2. sold land is entered in the explanation column
- 3. 4,000 is entered into the other accounts cr column
- 4. land is entered into the accounts credited column
<h3>How to record the sale of the land?</h3>
When land is sold, as ABC Co just did, the cash account is to be debited by the amount the land was sold for. This is because cash is increasing from the sale and so, like normal assets, will be debited to show an increase.
Land will be credited with the value of the land which is $4, 000. This shows that the land is no longer owned by the company and like other assets, when an asset leaves a company, it is credited.
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