Answer: $65000
Explanation:
For the month of April, the conversion cost that was incurred would be calculated as:
Beginning inventory of Direct Materials = $18000
Add: Purchase = $32000
Total cost of Direct Materials available = $50000
Less: Ending inventory of Direct Material = $15000
Therefore, Direct material used:
= $50000 - $15000 = $35000
Add: Direct labor = $30000
Conversion cost incurred = $35000 + $30000 = $65000
True rather be safe then sorry
We
should note that the bond investment account is recorded at cost by the Bondholder
or Investor.
The
cost or price is calculated as:
Cost
= $90,000 * 86.4%
Cost
= $90,000 * 0.864 = $77,760
Therefore,
the entry to record should be:
<span>debit
Held-to-Maturity Investment in Bonds for $77,760 and credit Cash for $77,760</span>
Answer:
your answer would be false
hope this helps
:)
