he following information has been taken from the perpetual inventory system of Elite Mfg. Co. for the month ended August 31: Purchases of direct materials$60,000 Direct materials used$50,000 Direct labor costs assigned to production$25,000 Manufacturing overhead costs incurred (and applied)$35,000 Balances in inventoryAugust 31August 1 Materials$? 25,000 Work in Process$65,000 47,000 Finished Goods$60,000 43,000 The total amount of inventory to be included in Elite's August31st balance sheet amounts to:
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 15:00, jfghj
What was involved in the american express bluework program? select one: a. employees are provided with opportunities for flexible arrangements b. a system that tracks the hours each employee works in a given day c. employees can work on tasks they choose, as long as they are in the office d. employees who are wary of newer technologies e. employees are provided with better office facilities so they stay in the office longer?
Answers: 3
Business, 22.06.2019 15:40, kaitlynmorgan43
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 17:20, sctenk6052
“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.
Answers: 3
You know the right answer?
he following information has been taken from the perpetual inventory system of Elite Mfg. Co. for th...
Questions in other subjects:
Social Studies, 13.03.2020 23:58
Geography, 13.03.2020 23:58
