Wells company's delivery truck, with a cost of $56,000 was destroyed by fire. at the time of the fire, the balance of the accumulated depreciation account amounted to $38,000. the company received $32,000 reimbursement from its insurance company. the gain or loss as a result of the fire ) $24,000 loss.(b) $14,000 loss.(c) $24,000 gain.(d) $14,000 gain.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production