The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $7,900 and $21,580 for September and October, respectively. The number of equivalent units produced in September and October was 790 tons, and 1,660 tons, respectively. Evaluate the change in the cost of materials between the two months.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a