During its first year of operations, silverman company paid $12,240 for direct materials and $10,700 for production workers' wages. lease payments and utilities on the production facilities amounted to $9,700 while general, selling, and administrative expenses totaled $3,800. the company produced 6,800 units and sold 4,200 units at a price of $7.30 a unit. what is the amount of finished goods inventory on the balance sheet at year-end?

$12,480

Explanation:

Given:

Amount paid for direct material = $12,240

production workers' wages = $10,700

Lease payments and utilities on the production facilities amounted = $9,700

general, selling, and administrative expenses = $3,800

Units produced = 6,800 units

Units sold = 4,200

Unit price of a unit = $7.30

Now,

Per unit Cost of production =

or

Per unit Cost of production =

or

Per unit cost of production = $4.80

Also,

Units left in the inventory = Total units produced - Units sold

= 6,800 - 4,200

= 2,600

Thus,

Amount of finished goods inventory on the balance sheet at year-end

= units left in the inventory × Per unit cost of production

= 2,600 × $4.80

= $12,480

answer: i'd say the answer is d because the information system is the human already doing the activity.

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you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%