subject
Business, 02.08.2019 21:30 AmazingColor

Andrew industries purchased $165,000 of raw materials on account during the month of march. the beginning raw materials inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 of direct materials and $13,000 of indirect materials. what journal entry should andrew use to account for direct materials used in march: multiple choice debit work in process inventory $141,000; credit raw materials inventory $141,000. debit raw materials inventory $153,000; credit work in process inventory $153,000. debit finished goods inventory $22,000; credit raw materials inventory $22,000. debit work in process inventory $141,000; credit accounts payable $141,000. debit raw materials inventory $141,000; credit accounts payable $141,000.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:30
Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake
Answers: 2
question
Business, 22.06.2019 00:40
Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.
Answers: 3
question
Business, 22.06.2019 16:00
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
question
Business, 22.06.2019 21:50
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
You know the right answer?
Andrew industries purchased $165,000 of raw materials on account during the month of march. the begi...
Questions
question
Mathematics, 06.10.2019 16:30
question
Physics, 06.10.2019 16:30
question
Computers and Technology, 06.10.2019 16:30
question
Business, 06.10.2019 16:30
question
Mathematics, 06.10.2019 16:30
question
Geography, 06.10.2019 16:30
Questions on the website: 13722367