Answer:
COGS= $2,060
Explanation:
Giving the following information:
July 1: Beginning Inventory 30 units at $15 $450
July 7: Purchases 90 units at $23 2070
July 22: Purchases 10 units at $20 200
Ending inventory in units0 30 units
<u>First, we need to calculate the number of units sold:</u>
Units sold= total units - ending inventory in units
Units sold= 130 - 30
Units sold= 100
<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>
COGS= 30*15 + 70*23
COGS= $2,060
Accounting is <em>a field that is concerned with the processing, measuring, and communicating of financial information of a company.</em> If you worked in an accounting department, you would most definitely have to reconcile accounts, prepare financial statements, monitor accounting activities, and prepare an investment schedule for the organization.
You will not, however, be expected to (D) develop marketing and advertising strategies. This type of task is usually assigned to the marketing department of a company.
That is more of a personal question but the main reasons that people pick a certain job is because of the wages, location, position, and/or the difficulty.
Answer:
The correct answer is letter "B": Goods and services carry a price tag.
Explanation:
Utility is described as the degree of satisfaction or joy perceived by individuals by consuming a given good or service. Marginal utility refers to the satisfaction produced by consuming one more unit of that good. The marginal utility theory assumes that consumers make rational decisions pursuing the maximization of their returns considering those goods carry the same price tag.
