Xavier8247
05.09.2020 •
Business
On January 1, 2017, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $3,200,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail's board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained several seats on Sauk Trail's board which gave it the ability to significantly influence Sauk Trail's operating and investing activities. The January 1, 2017, carrying amounts and corresponding fair values for Sauk Trail's assets and liabilities follow:.
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Ответ:
$186,000
Explanation:
Costs to be accounted for as follows:
Cost of ending work in process inventory $ 28,000
Add Cost of units transferred out $158,000
Total cost accounted for $186,000
Therefore the total cost to be accounted for under the weighted-average method would be: $186,000