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Alinara [238K]
2 years ago
8

Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are

rolled into steel sheet. The Rolling Department received 31,600 tons from the Casting Department in October. During October, the Rolling Department completed 45,900 tons, including 15,900 tons of work in process on October 1. The ending work in process inventory on October 31 was 1,600 tons.How many tons were started and completed during October?
Business
1 answer:
kifflom [539]2 years ago
5 0

Answer:

30,000 tons

Explanation:

Units Completed = Beginning Work in Process Units Completed + Units started and Completed during October

45,900 = 15,900 + Units started and Completed during October

Units started and Completed during October = 45,900 - 15,900

Units started and Completed during October = 30,000 tons

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Ahat [919]

Answer:

Ending stockholders' equity $ 68.000

Explanation:

The net income for the year is Revenue - Expenses

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Stockholders Equity at end of year

Opening stockholders' equity                 $  52,000

Add: Net income for the year                  $  79,000

Less: Dividends Paid                                <u>$ (63,000)</u>

Ending stockholders' equity                    $  68,000

7 0
3 years ago
Which of the following is NOT a factor in preparing to be the best professional possible?
bija089 [108]

Answer:

a) signing the most lucrative contract you can upon graduation

Explanation:

A best professional should be deal with a person who earned from their professional activity. It is always be in benefit of a public interest and the society at a whole

Here in the given situation, the option B, C and D denotes the best professional but option A is not a factor as you cant get the lucrative contract when you are on graduation level

Therefore the same is to be considered

5 0
2 years ago
Short Corporation acquired Hathaway, Inc., for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangibl
Neporo4naja [7]

Answer:

correct option is a $0

Explanation:

given data

Acquisition value = $52,000,000

Fair value assets = $48,000,000

to find out

What is the annual amortization of goodwill for this acquisition

solution

we know that annual amortization of goodwill on a straight line basis over 40 years before 2001

and  FASB also issue statement about that it does not allow automatic amortization of goodwill

so it will be zero here as goodwill is not amortized here

so correct option is correct option is a $0

4 0
3 years ago
ndicate whether each of the following costs should be classified as a product cost or as an SG&amp;A cost in accordance with GAA
Leokris [45]

Answer:

 

Explanation:

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So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

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Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

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Depreciation on the office furniture of the company president. = sales, general ,and admin costs

4 0
3 years ago
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Ksivusya [100]

Answer:

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Explanation:

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4 0
3 years ago
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