1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alinara [238K]
2 years ago
5

Consider the following information: ending inventory, $ 24,000 ; sales, $ 250,000 ; beginning inventory, $ 30,000 ; selling and

administrative expenses, $ 70,000 ; and purchases, $ 90,000 . What is cost of goods sold? a. $ 86,000 b. $ 94,000 c. $ 96,000 d. $ 84,000
Business
1 answer:
Volgvan2 years ago
3 0

96,000 is the cost of goods sold.

Beginning inventory,       $30,000;

Add: Purchases,              $90,000.

Less: Ending inventory  $24,000;

Cost of Goods Sold $96,000

Cost of Goods Sold is the number of direct materials, direct labor, and manufacturing overhead charged to the units sold during the period. Presented as a deduction from net sales to obtain gross margin for the period. The cost of goods sold is the total amount paid by a company for expenses directly related to the sale of its products. Depending on the business, this may include direct labor associated with manufacturing or selling products, raw materials, packaging, and merchandise purchased for resale purposes.

Learn more about the Cost of Goods Sold at

brainly.com/question/24561653

#SPJ4

You might be interested in
Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know mor
andrew11 [14]

As with most things, market research has certain trends that come and go over time. Identify at least two market research trends, past or present, and explain the limitations of these trends.Question

Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know more about entrepreneurship Describe entrepreneurship. How is it different than working for someone else? How does entrepreneurship affect you? How does it affect the economy? Type your response here: Task 2: Latest Trends in Entrepreneurship Conduct online research to find out some of the latest trends in entrepreneurship. Describe five such trends in brief.​

8 0
3 years ago
Which of the following is a mutually exclusive cost pool used in activity-based cost accounting? a. All of the answers are corre
VikaD [51]

Answer:

The correct answer is A: All of the answer are correct

Explanation:

ABC defines production as consisting of a variety of activities, and it assigns costs to those activities. An activity cost pool is an aggregate of all the costs associated with performing a particular business task, such as making a particular product. By pooling all costs incurred in a particular task, it is simpler to get an accurate estimate of the cost of that task.

Cost pool is created for those costs more closely aligned with the production of goods or services. It is very common to have separate cost pools for each product line. If production batches are of greatly varying lengths, then it has to consider creating cost pools at the batch level, so that it can adequately assign costs based on batch size.

To conclude, the creation of a cost pool and the subsequent assignment of costs will vary according to the length of production and the possibility to discriminate and assign costs.

4 0
3 years ago
Ano ang kahulugan ng pagpapaunlad?​
Murrr4er [49]

Answer:

ummmmmmmmmm? okay?

anyways have a nice day

5 0
3 years ago
Money placed in an insured bank account so that it will be available for future emergencies is referred to as __________.
lawyer [7]
It is referred to as a life savings account<span />
7 0
3 years ago
Read 2 more answers
Explain the result of the violation of patent protection illustrated in the scenario below.
lesya692 [45]
<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>

Explanation:

According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.

Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.

Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.

Luke may be punishable under the patent law if he tries to sell his invention.

6 0
3 years ago
Other questions:
  • Danny Locker recently put down his papers after his managers failed to give him a pay rise that he felt would rightly compensate
    5·1 answer
  • A new intelligence test has been devised. an adults shoe size is divided by 6 and multiplied by 100. this test would be consider
    6·1 answer
  • From the textbook material, when all activities of the value chain are conducted within the boundaries of the firm, the firm is
    5·1 answer
  • The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $ 11,100 Current as
    6·1 answer
  • Faiza hired Bril Builders Inc. to construct her house. They signed a contract that stated Bril Builders would complete the work
    12·1 answer
  • Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created
    7·1 answer
  • Supply chain managers outsource logistics to meet three​ goals: A. drive down inventory​ investment, lower delivery​ costs, and
    6·1 answer
  • Tariffs, quotas and subsidies are examples of
    13·1 answer
  • Which of the following statements about the free market is correct?
    14·1 answer
  • Conservative Bank offers loans at various interest rates, depending on the nature of the loan. Jake wants to borrow $200,000 for
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!