Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (35,000 units): Direct materials (97% completed)$122,950 Conversion (46% completed) 77,400 Balance in work in process inventory, July 1$200,350 Units started during July 86,000 Units completed and transferred 95,900 Work-in-process inventory, July 31: Direct materials (97% completed) 25,100 Conversion (46% completed) Cost incurred during July: Direct materials$185,500 Conversion costs 266,000 Total equivalent units for conversion under the FIFO method are calculated to be:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; bootstrapping is your answer;

answerindustrial revolution;