The Following Information Is Available at the End of the Period

question 40

Multiple Choice

The following information is available at the end of the period for the completed Job 713: $\begin{array}{|l|l|}\hline\text { Begirming balance} & \$ 21,500.00 \\\hline\text { Direct materials} & 30,600 \\\hline \text {Directlabor }& 24,500 \\\hline \text {Overhe ad applied }& 41,700 \\\hline\text { Adjustment-overapplied overhead }& 1,600 \\\hline & \\\hline \text {Total number of units produced }& 30,000 \\\hline \text {Total number of units sold }& 28,500 \\\hline &\end{array}$
What is the unit cost for Job 713?

• A) $3.94
• B) $3.89
• C) $4.00
• D) $4.09

Calculate individual partner distributions based on agreed-upon ratios.

Distinguish between the distribution processes with equal and unequal share to partners.

Recognize the accounting treatment for losses during liquidation.

Analyze the capital accounts before and after the liquidation process.

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