Business, 04.09.2019 17:10 dylanolmeda9

The cost of goods manufactured for the period is $100,000. the journal entry to record the transfer of the finished goods to a storage area before being sold would be:

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Answer from: dirtridersteve65

Explanation:

Basically, the product is passed from the two cycles to make a product ready to sell. They are:

1. Raw material inventory: It refers to a part of the product like - direct material, direct labor

2. Work in progress inventory: It shows the percentage of the work which is not complete and which is completed. How much work is in progress.

3. Finished goods inventory: The goods are ready for sell.

So, the journal would be:

Finished goods inventory A/c Dr $100,000

To Work in progress inventory $100,000

(Being transfer of finished goods recorded)

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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The cost of goods manufactured for the period is $100,000. the journal entry to record the transfer...

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