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The following information is available for the current year for Ralph's company. Number of units in beginning WIP inventory 12,000 (30% complete number of units started in the current period 160,000 Number of units in the WIP inventory 18,000 (70% complete) If Ralph's company uses the weighted average process costing method, what is the total equivalent completed units to be transferred out and in the WIP inventory?
A. 166,000 B. 190,000 c.166,600 D.142,000 E. no answers are correct
A manufacturer is considering a switch from manufacturers’ representatives to an internal sales force. The following cost estimates are available. Manufacturers’ reps are paid 8.4% commission and incur $650,000 in fixed costs; while an internal sales..
The City of Grafton’s records reflected the following budget and actual data for the General Fund for the fiscal year ended June 30, 2012. Estimated revenues: Encumbrances of 2012 appropriations, outstanding as of June 30, 2012. Budget revisions appr..
"In the absence of taxes, bankruptcy costs and asymmetric information, and in an efficient market, the value of the firm is unaffected by how that firm is financed"
During this year, Topflight purchased $8,250 worth of store supplies. On December 31, $1,125 worth of store supplies remained. Calculate amount of Topflight Company's store supplies expense for the current year.
Based on the preceding information, will Jarman report finished goods inventory on its balance sheet for Contract 1? If so, elucidate the amount of this inventory? If not, explain why not.
Erika and Kitty, who are twins, just received $45,000 each for their 28th birthdays. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year f..
A construction company entered into a fixed-price contract to build an office building for $20 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million.
Waley Corporation, a merchandising company reported sales of 7,400 unite for May at a selling price of $677 per unit. The cost of goods sold ( all variable) was $441 per unit and the variable selling expense was $54 per unit. Prepare a contribution f..
This month, a company performed $517,000 of services and incurred total expenses of $438,000. If the company was paid in cash for all its services and paid cash for all its expenses,
Venus Corp.'s worksheet for calculating current and deferred income taxes for Year 1 follows: Year 1 Year 2 Year 3 Pretax income $1,400 Temporary differences: Depreciation (800) (1,200)$ 2,000 Warranty costs 400 (100) (300) Taxable income $1000 (1,30..
q1. a minister receives an annual salary of 16000 in addition to the use of a church parsonage with an annual rental
Declare bankruptcy/close Company.In what sense is this a business problem? A community problem? An individual problem?You are responsible for developing a plan of action for the Board of Directors.
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