You can add a table, rows, columns, or cells (All of the above)
Answer:
C) WIP InventoryWIP Inventory-Finishing
Explanation:
Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.
Answer:
d. $1,200
Explanation:
The computation of the interest expense is shown below:
= Principal × rate of interest × number of days ÷ (total number of days in a year)
= $80,000× 6% × (90 days ÷ 360 days)
= $1,200
We simply apply the simple interest formula
Since the number of days and the total number of days are given so we considered the same for the computation part.
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