Exercise 16-11a fifo: costs assigned to output lo c4, p4 the production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during april. also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. using the fifo method, prepare the direct materials cost and the conversion cost per equivalent unit and assign april's costs to the department’s output. (round "cost per eup" to 2 decimal places.)

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.