subject
Business, 23.09.2020 19:01 o10922025

Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July’s activities: On July 1: Beginning inventories 850 units, 60% complete
Direct materials cost $5,000
Conversion costs $4,000
During July:
Number of units started 15,000
Direct materials added $155,000
Conversion costs added $83,520
On July 31:
Ending inventories 1,600 units, 40% complete
Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:30
ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?
Answers: 1
question
Business, 21.06.2019 18:20
Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.
Answers: 1
question
Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do that?
Answers: 2
question
Business, 22.06.2019 04:00
Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.
Answers: 1
You know the right answer?
Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the pro...
Questions
question
History, 07.12.2021 14:00
question
English, 07.12.2021 14:00
question
History, 07.12.2021 14:00
question
World Languages, 07.12.2021 14:00
question
English, 07.12.2021 14:00
question
World Languages, 07.12.2021 14:00
question
Mathematics, 07.12.2021 14:00
Questions on the website: 13722361