Bistrol corporation uses the weighted-average method in its process costing system. this month, the beginning inventory in the first processing department consisted of 800 units. the costs and percentage completion of these units in beginning inventory were:
cost percent
complete materials costs $ 15,700 75%
conversion costs $ 7,700 20%

a total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. the following costs were incurred in the first processing department during the month:
cost materials costs $ 186,300
conversion costs $ 329,800

the ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.
how many units are in ending work in process inventory in the first processing department at the end of the month?

a) 7,600
b) 900
c) 1,700
d) 1,200

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?