Employee Stock Options, Liability-Classified Awards, Journal Entries after Grant Date. The Goldwick Company awarded 1 000 options to acquire 1 000 shares of its common stock, which can be sold back to the company. The options vest over 3 years. The market price and the exercise price were both equal to $12 per share on the date of the grant. At the grant date the options have a fair value of $15 each. Prepare the
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- ABC Inc's January 1 goods in process inventory contained 30,000 units that were one-fourth complete with respect to direct labor. The beginning inventory was completed this year and another 120,000 units were started. Of those started, 80,000 were finished and the remaining 40,000 were left one-fifth complete. Using weighted average, calculate the equivalent units of production for the year.arrow_forwardIn its first year of operations, MJK Manufacturers had the following costs... Please need answer the accounting questionarrow_forwardI don't need ai answer general accounting questionarrow_forward
- A department has no beginning work in process, has started 80,000 units and completed 50,000 units. Its ending work in process is 30,000 units, 60% complete as to conversion costs and fully complete as to materials. Its equivalent units for conversion costs are: a. 50,000 b. 80,000 c. 68,000 d. 44,000arrow_forwardHello teacher please help me with accounting questionsarrow_forwardChoose best option . Subject general accountarrow_forward