Chapter 7, Problem 2DQ

General accounting question

Harmony Cosmetics manufactures beauty products and provides the following production data: WIP Inventory, January 1 O units Units started 30,000 units Units completed and transferred 22,500 units WIP Inventory, December 31 7,500 units Direct materials cost $315,000 $620,000 $350,000 Direct labor cost Manufacturing overhead The units in ending WIP Inventory were 70% complete for materials and 50% complete for conversion costs. On December 31, the cost per equivalent unit for materials would be closest to:

How can I solve this financial accounting problem using the appropriate financial process?

General accounting

Calculate evergreen's total stockholder's equity

Can someone please solve this?

Given the solution and accounting question

What is this firm's debt-equity ratio?

I. Identify if the account title is an Asset, Liability, Equity, Income or Expense. Then, identify which side (Debit or Credit) will be used to record its increase and decrease. Example: Account Title Classification Increase Decrease Cash Asset Debit Credit Account Title Classification Increase Decrease Inventories Service Income Property, Plant and Equipment Insurance Expense Sales Accounts Payable Cost of Sales Withdrawals Notes Payable Unearned Revenues Salaries or Wages Expense Income Summary Accumulated Depreciation Cash Equivalents Mortgage Payable Supplies Expenses Bonds Payable Prepaid Expenses Notes Receivable Accrued Liabilities Capital Telecommunications, Electricity, Fuel and Water Expenses Depreciation Expense Uncollectible Accounts Expense Allowance for Uncollectible Accounts Rent Expense Interest Expense Intangible Assets