Inky Pens Inc. is a factory that produces blue glitter ink a…

Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vials. The process begins in the glass department and then is completed in the ink department.  The following information relates to the ink department for April:   ​ Transferred in Ink ConversionCosts PhysicalUnits Ending Work-in-Progress (WIP) Inventory, MarchUnits Started in AprilUnits Completed in AprilEnding WIP Inventory, April 100%100% 10%96% 63%24% 2,94834,78033,5284,200 They also compiled the following cost data for April: ​ Transferred in Ink ConversionCosts Beginning WIP InventoryCosts added during the period $ 3,900$48,903 $ 1,003$16,904 $ 2,001$55,674 The management of Inky is asking their accountant, Susan to provide information pertaining to both the First-In, First-Out (FIFO) method and the Weighted-Average method. Susan has worked for Inky for a few months, and she is looking forward to becoming involved in this process. With all of this information in mind, please answer the following questions. (Round units to whole number and cost to two decimal places.)  ENTER ANSWERS AS NUMBERS WITH 2 DECIMALS, NO DOLLAR SIGNS, NO COMMAS.   1.  What is the conversion cost per unit for the department using the weighted average method?  [CCWA]   2.  What are the total costs in Ending inventory using the weighted average method?  [EIWA] 3.  What is the direct materials cost per unit for the ink department using the FIFO method?  [DMFIFO] 4.  What is the total Cost of Goods Manufactured using the FIFO method?  [COGMFIFO]

Let’s say that Peyton is a politician who promises cheaper g…

Let’s say that Peyton is a politician who promises cheaper gasoline for everyone in the country if she is elected. Once she is elected, she makes gas cheaper by imposing a price ceiling that is one full dollar less than the market’s equilibrium price. What would be the reaction of the sellers of gasoline and of the public to Peyton’s price ceiling law? Would she expect to be reelected in the long run? Why or why not?

When goods are bought by customers and then returned to the…

When goods are bought by customers and then returned to the store because they are broken, damaged, or just unwanted, the store can’t re-sell the items.  According to the eTextbook, these types of returned goods will likely be sent to which of the following facilities?

Intermodal transportation often requires the use of either a…

Intermodal transportation often requires the use of either a standardized shipping container or a truck trailer.  These truck trailers are usually attached to a truck or they are put onto a railcar on a train.  According to the eText, a railcar with truck trailer on it is typically referred to as a: