In the Shaping Department of Rollins Company the unit materials cost is $5.00 and theunit conversion cost is $3.00. The department transferred out 40,000 units and had 5,000units in ending work in process 20% complete. If all materials are added at the beginningof the process, the total cost to be assigned to the ending work in process is

a.$8,000.
b.$25,000.
c.$28,000.
d.$40,000.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Acrosswalk_when there are no pavement markings.

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na