Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory 8,000 units
Transferredminusin costs in beginning WIP Inventory $114,200
Direct materials cost in beginning WIP Inventory $28,500
Conversion costs in beginning WIP Inventory $23,750
Units transferredminusin 54,000 units
Transferredminusin costs $546,300
Units completed 51,000
Costs added: direct materials $171,120
Costs added: conversion costs $249,570
Ending WIP Inventory 11, 000 units (40% complete for materials and 30% complete for conversion)

The total cost of units in ending WIP InventoryminusShaping would be closest to:

a. $212,080.
b. $32,448.
c. $42,255
d. $188,805

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?