Good morning,  See attached and I am struggling to find add: desired units of ending raw material inventory.  I don't know what they mean by assumed? Thanks,

Q: TRUE OR FALSE STATEMENT 1: If the ending inventory of finished goods is understated, net  income…

A: Ending inventory is the value of goods lying in the stock on the date of closing the books.

Q: In a job order cost system, a decrease to Manufacturing Overhead will be accompanied by an increase…

A: Factory overhead is the indirect cost incurred in the process of manufacturing. Therefore, it is…

Q: WIP may not exist in job order costing, can you expand on that? What are some examples of times that…

A: Job order Costing : It is a method of costing specific jobs which are performed on the instructions…

Q: Which of the following is the best description of the operating cycle? Multiple Choice The length of…

A: The time it takes for a business to purchase items, sell them, and get payment for those sales is…

Q: In lean accounting, which of the following is considered a combined account? a. Indirect Labor b.…

A: The term Lean accounting describes the financial reporting practices used by a company that embraces…

Q: It’s common in the electronics industry for unit costs of raw materials inventories to decline over…

A: Definition:   LIFO: Under this inventory method, the units that are purchased last are sold first.…

Q: A master production schedule is most likely to be useful in O identifying erroneous journal entries.…

A: Solution: A master production schedule is the prepared by company to estimate its production for the…

Q: Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 82,600…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: The spreading of underallocated or overallocated overhead among ending work- in-process, finished…

A: Regular business expenses that aren't directly related to providing goods or services are referred…

Q: The following statements refer to organisations that use service costing: (i)  The service provided…

A: Service costing is the cost associated with providing and delivering service. There are difference…

Q: I am having difficulty understanding how to calculate the cost per equivalent unit for direct…

A: Compute equivalent units of direct materials and conversion as shown below:

Q: Which of the following is correct with respect to closing out overapplied manufacturing overhead to…

A: The Over Applied or Under applied Manufacturing Overhead is Difference between Manufacturing…

Q: You have been employed as a cost    accountant by Pared Inc.  The president, I.M. Pared, is having a…

A: The following accounts are used to record the flow of costs:- Raw material inventory Labor…

Q: If a net decrease is reported in the Work-In-Progress inventory account during the period, which of…

A: Cost of goods manufactured is the amount incurred by the company on the manufacturing process of the…

Q: tatement is true or false, and correct the false tatement(s): Manufacturing cost is called period…

A: Manufacturing cost is the cost incurred to manufacture units . It includes direct material , direct…

Q: I'm having trouble finding the opening direct material inventory on the cost of goods sold (the very…

A: Cost of good sold measures the direct cost which is incurred of production of any goods and services…

Q: direct labor costs are debited to work in process inventory true false

A: The direct labor cost is the part of manufacturing cost that would be part of inventory or WIP…