![subject](/tpl/images/cats/ekonomika.png)
Business, 25.01.2021 21:00 emaleyhughes21
Stuart Manufacturing Company was started on January 1, 2018, when it acquired $89,000 cash by issuing common stock. Stuart immediately purchased office furniture and manufacturing equipment costing $32,000 and $40,000, respectively. The office furniture had an eight-year useful life and a zero salvage value. The manufacturing equipment had a $4,000 salvage value and an expected useful life of six years. The company paid $12,000 for salaries of administrative personnel and $21,000 for wages to production personnel. Finally, the company paid $26,000 for raw materials that were used to make inventory. All inventory was started and completed during the year. Stuart completed production on 10,000 units of product and sold 8,000 units at a price of $9 each in 2018. (Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP.)
Required
Determine the total product cost and the average cost per unit of the inventory produced in 2018. (Round "Average cost per unit" to 2 decimal places.)
Determine the amount of cost of goods sold that would appear on the 2018 income statement. (Do not round intermediate calculations.)
Determine the amount of the ending inventory balance that would appear on the December 31, 2018, balance sheet. (Do not round intermediate calculations.)
Determine the amount of net income that would appear on the 2018 income statement.
Determine the amount of retained earnings that would appear on the December 31, 2018, balance sheet.
Determine the amount of total assets that would appear on the December 31, 2018, balance sheet.
![ansver](/tpl/images/cats/User.png)
Answers: 2
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 07:50
The questions of economics address which of the following ? check all that apply
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:00
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
You know the right answer?
Stuart Manufacturing Company was started on January 1, 2018, when it acquired $89,000 cash by issuin...
Questions
![question](/tpl/images/cats/en.png)
English, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/biologiya.png)
Biology, 23.11.2020 20:10
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/health.png)
Health, 23.11.2020 20:10
![question](/tpl/images/cats/fizika.png)
Physics, 23.11.2020 20:10
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/biologiya.png)
Biology, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10
![question](/tpl/images/cats/istoriya.png)
History, 23.11.2020 20:10
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 23.11.2020 20:10