In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $31,000 and ending work in process inventory of $33,000. During the month, $207,000 of costs were added to production and the cost of units transferred out from the department was $205,000. Required: Construct a cost reconciliation report for the department for the month of July.

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Harveys corporation borrowed $60,000 from the bank on november 1, 2014. the note had a 6 percent annual rate of interest and matured on april 30, 2015. interest and principal were paid in cash on the maturity date. required a. what amount of interest expense was paid in cash in 2014?