Afirm called can't be stopped, won't be stopped uses process costing to determine the cost of inventory. all direct materials are added at the beginning of the process. last month, the firm's second department in the process, department b, had 1,000 units in bwip (50% complete with respect to conversion costs), completed 9,000 units, and had 500 units in ending inventory (25% complete with respect to conversion costs). the firm has the following costs in the wip-department b's t-account. direct materials conversion costs transferred-in costsbwip cost $25,000 $75,000 $150,000current period cost $275,000 $1,000,000 $1,250,000which of the following shows the conversion cost per equivalent unit rates using the fifo and weighted average methods (round rates to nearest cent if necessary)? a. weighted average: $113.16 conversion costs per equivalent unitfifo: $117.65 conversion costs per equivalent unitb .weighted average: $117.65 conversion costs per equivalent unitfifo: $113.16 conversion costs per equivalent unitc. weighted average: $117.81 conversion costs per equivalent unitfifo: $115.94 conversion costs per equivalent unitd. weighted average: $115.94 conversion costs per equivalent unitfifo: $117.81 conversion costs per equivalent unit
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Business, 22.06.2019 11:10
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
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Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
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Business, 23.06.2019 01:00
Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is
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Afirm called can't be stopped, won't be stopped uses process costing to determine the cost of invent...
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