A surety is liable from the moment the principal is in default

During September, the Filtering Department of Coronet, Inc had a beginning Work-in-Process Inventory of 800 units with costs of $120,000

During the month, 600 units were transferred in from the Milling Department with transferred in costs of $187,000. It had 100 units in ending Work-in-Process Inventory. What is the total cost of production for the units transferred to the Filtering Department in September under the first-in, first-out (FIFO) method? A) $275,835 B) $120,000 C) $187,000 D) $307,000

In which of the following circumstances would an auditor usually choose between expressing a qualified opinion or disclaiming an opinion?

A. Material misstatement. B. Inadequate disclosure ,of accounting policies. C. Inability to obtain sufficient appropriate audit evidence. D. Unreasonable justification for a change in accounting principle.