Chapter 5, Problem 7ICA

Please provide the answer to this general accounting question using the right approach.

I need guidance with this financial accounting problem using the right financial principles.

general accounting

Job 786 was one of the many jobs started and completed during the year. The job required $8,400 in direct materials and 35 hours of direct labor time at a total direct labor cost of $9,300. If the job contained five units and the company billed at 70% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer? Need Answer

Lincoln Enterprises had total assets of$880,000 and total liabilities of $540,000 at the beginning of the year. During the year, total liabilities increased by $100,000, and stockholders' equity decreased by $60,000. What is the amount of total assets at the end of the year?

Can you explain the correct approach to solve this general accounting question?

Can you help me solve this general accounting problem using the correct accounting process?

Can you explain the correct methodology to solve this general accounting problem?

Financial accounting question