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Question 1 - Super Discounter Inc. is a merchandizer who had inventory at the beginning of the year of $690,000. They made purchases of $1,750,000 and had returns and allowances on purchases of $50,000. Ending inventory was $780,000. What was the goods available for sale?
Question 2 - Dorchester Company, on March 1, 2021 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 12,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:
Direct Material $31,000
Direct Labor 22,000
Factory Overhead 20,000
Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March.
berkley co.s sales are 10 cash and 90 on credit. credit sales are collected as follows 30 in the month of sale 50 in
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