Total direct materials cost incurred during the current period was $180,000 and the number of
units completed during the current period plus equivalent units in ending work in process
inventory was 36,000.
Under the weighted-average method, the direct materials cost per
equivalent unit for the current period was $5.00.
Indicate whether the statement is true or false
TRUE
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Which of the following is an example of both a capital market and a primary market transaction?
A) Microsoft common stock owned by an individual investor is sold to another investor. B) Ford Motor Company sells a new issue of common stock to raise funds through a public offering. C) No transactions occur in both primary and capital markets at the same time. D) The U.S. Government sells 3-month Treasury bills.
TRL, Inc has spent $2,000,000 in nonrefundable engineering fees in contemplation of building a
convention center and the additional costs to complete the project are $18,000,000. The present value of all benefits the center will produce in its lifetime are $19,000,000, so TRL should not build the convention center. Indicate whether the statement is true or false