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3 years ago

14

Sunland Company has beginning work in process inventory of $134000 and total manufacturing costs of $686000. If cost of goods ma

nufactured is $660000, what is the cost of the ending work in process inventory?

1 answer:

Luda [366]3 years ago

5 0

Answer:

The answer is $160,000

Explanation:

Please refer to the attached file

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1 year ago

In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The numbers and equations used here are simplif

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Answer:

In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The numbers and equations used here are simplified based on the results of a much more complicated model.) Demand is given by QD = 105 − 1.5P where QD is in millions of tires per year. Supply is QS = 1.5873P − 15.87.

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3 years ago

Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pay

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Answer:

The Ariana's accounting profit for the year was $6,000

Explanation:

Accounting Profit : The accounting profit is that profit which records the difference of total revenues and total direct cost.

Where,

Total revenues includes sales revenues

And total cost includes monetary cost, etc.

So,

Accounting profit = Total revenues - Total cost

where

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So,

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3 years ago

a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only

weqwewe [10]

Answer:

Trial Balance : Debit 15558 = 15558 Credit

Explanation:

b.) Noncollectable amount = $5300 * 35% = 1855

Entry: Dr bad debts expense 1855

Cr Allowance for bad debts 1855

(To record bad debts expense).

5300-1855= 3445 * 3% = $103 will not be collected.

Entry: Dr Bad debts expense 103

Cr Allowance for bad debts 103

( To record bad debts expense)

d.) Entry:

Dr Income tax expense 13600

Cr Income tax payable 13600

(To record accrued income tax expense).

Ledgers :

Bad debt expense = 1855+103 = 1958

Allowance for bad debts = 1855+103 = 1958

Income tax expense = 13600

income tax payable = 13600.

Trial balance:

_Dr__________________________________________________Cr____

Bad debt expense 1958 ----- 1958 Allowance for bad debts

Income tax expense 13600 ----- 13600 Allowance for bad debts

Total = 15558 ------- Total = 15558

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3 years ago