At the beginning of the recent period, there were 900 units of product in a department, 35% completed. These units were finished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:
A. 6,100 units.
B. 5,500 units.
C. 6,700 units.
D. 5,900 units.
E. 5,000 units.
Answer: A
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Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to
the Bernstein Inc information above. What was Bernstein's number of days sales in receivables for 2012? (round to two decimal places) A) 21.47 days B) 42.94 days C) 73.00 days D) 146.00 days
The journal entry to record indirect materials used includes a debit to Work in Process Inventory.
Answer the following statement true (T) or false (F)
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What will be an ideal response?