Entries by mary WAMBUGU

October 1, 2017, Alpha Company started a new production operation using the weighted average method of process costing. During October, 9,000 units were started and 7,000 were transferred to finished goods.

September 6, 2019 in /by

October 1, 2017, Alpha Company started a new production operation using the weighted average method of process costing.  During October, 9,000 units were started and 7,000 were transferred to finished goods. The October 31, work in process inventory was 100% completed as to material costs and 50% completed as to conversion costs.  Material costs for the month […]

 

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Lola’s Dance Studio currently has debt outstanding with a market value of $100,000 and a cost of 8 percent.

September 6, 2019 in /by

Lola’s Dance Studio currently has debt outstanding with a market value of $100,000 and a cost of 8 percent. The company has EBIT of $8,000 that is expected to continue in perpetuity. Assume there are no taxes.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Alpha Company began operations on January 1 with cash of $75,000. All of January’s $150,000 sales were on account.

September 6, 2019 in /by

Alpha Company began operations on January 1 with cash of $75,000. All of January’s $150,000 sales were on account. During January no customer collections occurred. Cost of goods sold was $45,000, and there was no ending inventories or any accounts payable. Use this information to determine the ending balance of cash on hand for January. […]

 

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