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Zend Inc. Manufactures small pleasure boats on assembly line basis. The units are started in the department A. On July 1 of this year, the work in process inventory of the department A consisted of 220 units 100% complete as to material and 49% complete as to conversion. During the month, 470 units were started and 600 units were completed and transferred out. The work in process on July 31 was 100% complete as to materials and 35% complete as to conversion.
Costs in process at the beginning of the period amounts to $730000 for materials and $19800 for conversion. Costs added during the period were materials costs of $1320000 and conversion costa of $1080000. Calculate the total cost using the weigh average method.
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The after-tax profit margin is forecasted to be 5 percent, and the forecasted retention ratio is 30 percent. Use the AFN equation to forecast Carter's additional funds needed for the coming year.
If Ebbe, Inc. had $20,000 in beginning inventory, and sold goods costing $300,000, what is the ending inventory balance?
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