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02.05.2023 03:17
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Greensource company began the period with $330 in supplies. during the month, an

Greensource company began the period with $330 in supplies. during the month, an extra $1,500 of supplies were purchased. a physical inventory at the end of the period revealed that there was $585 of supplies on hand. the adjusting entry should include a . credit to supplies expense for $585. b. debit to supplies for $585. c. credit to supplies expense for $1,245. d. credit to supplies for $1,245
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martinbricein10
martinbricein10
5,0(26 marks)
The right answer for the question above is: b. debit to Supplies for $585.
gianni0
gianni0
4,4(61 marks)

$87,975

15.30

Explanation:

The computation of unit cost and total cost is shown below:-

Managers' salary ($22,000 + $6,450) $28,450

Rent $18,000

Depreciation on equipment $2,000

Other fixed cost (3,000 × 1.1) 3,300

Total Fixed cost $51,750

Total Cost = $36,225 + $51,750

= $87,975

Unit Cost = 87,975 ÷ 5,750

= 15.30

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