What happens to the debit and credit column when the cost of completed jobs is transferred from
Question:
What happens to the debit and credit column when the cost of completed jobs is transferred from the work-in-process inventory to the finished goods inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
When the cost of completed jobs is transferred from the workinprocess WIP inventory to the finished ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Horngrens Accounting The Managerial Chapters
ISBN: 9781292105871
11th Global Edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
What happens to the debit and credit column when the costs of sold jobs are transferred from finished goods inventory to cost of goods sold?
-
1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information? A. The company should apply overhead using an estimated rate throughout the year....
-
Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $123,288. Note: Use tables,...
-
Erin Danielle Company purchased equipment and incurred the following costs. What amount should be recorded as the cost of the equipment? (a) $24,000. (c) $25,400. (b) $25,200. (d) $25,800. Cash price...
-
(a) I = 1011 watt per m2 (rustle of leaves) (b) I = 102 watt per m2 (jet at 30 meters) (c) I = 104 watt per m2 (door slamming) (d) I = 106 watt per m2 (normal conversation) Use the following...
-
2nd question is: The company's market value added (MVA) is $528 million. What is the company's stock price? Keaton Corporate decides to depreciate its equipment over 5 years instead of 10 years....
-
Calculate the MHR from the following. Cost of the machine Rs 80,000 Cost of installation Rs 20,000 Scrap value after 10 years Rs 20,000 Rent and rates per quarter for the shop Rs 3,000 General...
-
Howell made long-distance telephone calls through the telephone companys computer-controlled switching system to solicit funding for a nonexistent business enterprise. What crimes did Howell commit?...
-
Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month...
-
Mountain Packs manufactures backpacks. Its plant records include the following materials-related data: Journalize the entries to record the transactions, post to the Raw Materials Inventory account,...
-
How do service companies use a job order costing system? List two ways they do this.
-
A set S is a convex cone if and only if 1. S S for every 0 2. S + S S Convex cones arise naturally in economics, where quantities are required to be nonnegative. The set of nonnegative prices...
-
What is the difference between corporate and clinical? How do they differ? Can they both have the same outcome? Include a reference list that supports your stance of no fewer than 3 scholarly...
-
How do we attain the desire for the freedom to purse one's passions, the desire for economic security and well-being, the desire for hope and progress in one's life utilizing higher-order thinking
-
Instructions FNCE 625 - Investment Analysis and Management Group Project - Case Study Guideline Introduction: In this group assignment, each team will collaboratively make a comprehensive report and...
-
21) The EOQ model is solved using calculus but the key intuition is that relevant total costs are minimized when relevant ordering costs equal relevant carrying costs. 22) Safety stock is used as a...
-
In the long-term, what do you recommend as overall policy in order to reduce or avoid the kinds of PPE shortages that occurred during the different waves of the COVID virus? In simple terms, how...
-
Do the indicated arithmetic and give the answer to the correct number of significant figures. a. 08.71 0.57/5.871 b. 8.937 8.930 c. 8.937 + 8.930 d. 0.00015 54.6 + 1.002
-
Consider the function f and its graph. a. Estimate the zeros of the area function b. Estimate the points (if any) at which A has a local maximum or minimum. c. Sketch a graph of A, for 0 x 10,...
-
One type of leverage affects both EBIT and EPS. The other type affects only EPS. Explain this statement.
-
Why is the following statement true? Other things being the same, firms with relatively stable sales are able to carry relatively high debt ratios.
-
Why do public utility companies usually have capital structures that are different from those of retail firms?
-
Construction of consumer price index number for the given goods and services. Item Weight in % Base period price Current period price Food 35 150 145 Fuel 10 25 23 Cloth 20 75 65 Rent 15 30 30 Misc....
-
Gammaro Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Gammaro Corporation has experienced the following...
-
Swifty Company estimates that 2022 sales will be $43,200 in quarter 1,$51,840 in quarter 2 , and $62,640 in quarter 3 , Cost of goods sold is 50% of sales. Management desires to have ending...
Study smarter with the SolutionInn App