The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was:
A. $75,600
B. $126,000
C. $95,400
D. $80,100
Answer: C
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Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called
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List some preconditions of merit pay?
What will be an ideal response?