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3 years ago

Which of the following would be considered private goods?.

Business

1 answer:

jek_recluse [69]3 years ago

8 0

Answer:

those goods that belongs to one individually

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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

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Average cost= $40 unit

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C) Last in, first out

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4 years ago