The following transactions occurred during march 2021 for the wainwright corporation. the company owns and operates a wholesale warehouse. issued 20,000 shares of common stock in exchange for $200,000 in cash. purchased equipment at a cost of $20,000. $5,000 cash was paid and a notes payable to the seller was signed for the balance owed. purchased inventory on account at a cost of $62,000. the company uses the perpetual inventory system. credit sales for the month totaled $70,000. the cost of the goods sold was $42,000. paid $3,000 in rent on the warehouse building for the month of march. paid $5,200 to an insurance company for fire and liability insurance for a one-year period beginning april 1, 2021. paid $42,000 on account for the merchandise purchased in 3. collected $31,500 from customers on account. recorded depreciation expense of $500 for the month on the equipment.

Vital industries manufactured 2 comma 200 units of its product huge in the month of april. it incurred a total cost of $ 121 comma 000 during the month. out of this $ 121 comma 000, $ 46 comma 000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. ryan had no opening or closing inventory. what will be the total cost per unit of the product, assuming conversion costs contained $ 10 comma 900 of indirect labor?

Blank is the internal operation that arranges information resources to support business performance and outcomes

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?