Answer:
Ending inventory= $494
Explanation:
Giving the following information:
On January 26, the company sells 350 units. 150 units remain in ending inventory on January 31.
January 1: 320 units for $3.00
January 9: 80 units for $3.20
January 25: 100 units for $3.34
Ending inventory= 100*3.34 + 50*3.2= $494
Answer:
process manufacturing
Explanation:
Process manufacturing is a type of manufacturing where certain recipes are used to create the end product. Process manufacturing is associated with the FMCG industry and pharmaceuticals mostly. It is contrasted with discrete manufacturing, where the end product is not in a bulk, like in process manufacturing.
Answer:
The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.
Answer:
Following are the Journal entries to the given question:
Explanation:
Accounts Dr Cr
Robo Department Overhead Control 996
Materials Control 
Wages Payable 
Shop overhead control
Finished Goods 
Work in process control 
What would be the effect of a decrease in government taxes on a good's supply curve, ceteris paribus shift to the right
Supply curve shift:
Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.
A supply curve shows how quantity supplied will change as the price rises and falls, assuming ceteris paribus—no other economically relevant factors are changing. If other factors relevant to supply do change, then the entire supply curve will shift. A shift in supply means a change in the quantity supplied at every price.
The ceteris paribus assumption :
A demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis. The assumption behind a demand curve or a supply curve is that no relevant economic factors, other than the product’s price, are changing.
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