Beginning inventory for the month contained 2,000 units that were 70 percent complete with respect to materials. during the month, 60,000 units were completed and transferred out. ending inventory contained 3,000 units, 20 percent complete with respect to materials. the weighted average equivalent units of production for materials for the month would be
a. 60,600
b. 60,000
c. 63,000
d. 62,400
Answers: 1
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The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
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