Compute the amount of raw materials used during November if $37,000 of raw materials were purchased during the month and if the inventories were as follows: Inventories Balance November 1 Balance November 30
Raw materials $9,800 $5,400
Work in process $7,400 $8,900
Finished goods $11,400 $13,400

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Which of the following is a benefit of a hat? it has a sports team logo on it. it makes the wearer look cool. it is red. it costs $12.