Answer:
B. $140,000.
Explanation:
Inventory purchases refers to the amount of goods or merchandise bought during a particular period by merchandisers or sellers such as retailers, wholesalers, or distributors with aim of selling them to customers.
Inventory purchases can be determined using the formula for computing the cost of goods sold as follows:
Cost of goods sold = Beginning inventory + Inventory purchases - Ending inventory
Substituting the values in the question into the formula above and solve for inventory purchases, we have:
$145,000 = $18,000 + Inventory purchases - $13,000
Inventory purchases = $145,000 + $13,000 - $18,000 = $140,000
Therefore, inventory purchases equal <u>$140,000</u>.
The purpose of using different techniques in measuring or determining the quantities or measures such as densities is that it is important to be able to have basis and to make sure that the value you get is accurate-- even with the two different techniques used. This will help in comparing two variables and to understand whether the values you received are precise and accurate.
I think it's a good thing and smart in some ways
Based on the information given the controllable variance is:$1,600.
<h3>Controllable variance</h3>
Using this formula
Controllable variance=Actual total overhead -Budgeted total overhead at actual units produced
Let plug in the formula
Controllable variance=$12,000-$10,400
Controllable variance=$1,600
Inconclusion the controllable variance is:$1,600.
Learn more about the controllable variance here:brainly.com/question/24304293
Answer:
The correct answer is letter "E": establish a separate Work-in-Process Inventory account for each manufacturing department.
Explanation:
Process-cost accounting is an approach used to assign costs of processes per department on direct materials, direct labor, and factory overhead. In such cases, conversion and prime costs are allocated to each department's manufacturing process to value the inventory of final goods.
Thus, <em>the Work-In-Progress (WIP) Inventory is also assigned according to the manufacturing processes of each department.</em>
