Reference no: EM132777609
Question - Littefield Company uses a backflush accounting system with three trigger points:
Purchase, Completion, and Sale
There are no beginning inventories. Information for April 2020 is:
Direct materials Purchased P880,000
Direct material used P850,000
Conversion costs incurred P422,000
Conversion Costs allocated P400,000
Costs transferred to finished goods P1,250,000
Cost of goods sold P1,190,000
Required - Find Adjustment to Cost of goods sold involving over/under allocated conversion cost?
a. Increase of 22,000
b. Decrease of 22,000
c. Increase of 90,000
d. Decrease of 90,000
Customers to track the progress of orders
: A company is developing a new app that will allow customers to track the progress of their orders.
|
What are the various agencies
: If you are dealing with a tax issue, what are the various agencies, professional manuals, and/or journals that you might review to determine the appropriate
|
What journal entry would Pharoah make on December
: The mower is expected to have a 5-year life with a $6,000 salvage value. What journal entry would Pharoah make on December 31, 2022
|
Which in your opinion is the most useful in a research study
: Which in your opinion is the most useful in a research study with participants a Single Blind or a Double Blind? Explain your reason for one or the other.
|
Find adjustment to cost of goods sold
: Direct materials Purchased P880,000. Find Adjustment to Cost of goods sold involving over/under allocated conversion cost
|
Create a map of the traits identified as a leader
: Create a map of the traits, skills, and strengths and weaknesses you have identified about yourself as a leader. You are encouraged to use the results
|
What are your main personal and professional barriers
: For this in-class activity, please read the information posted on the following link and respond to the questions below: What are your main personal.
|
Reynolds tool and die
: You will return to the course scenario involving Reynolds Tool and Die.
|
Calculate tax paid on gain on disposal
: Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,078. Calculate tax paid on gain on disposal
|