Answer:
B. property given as security for a loan
Explanation:
Answer:
b. $226,000
Explanation:
Cost of goods sold is the direct expense incurred in producing goods to be sold in a period. It involves direct labor, direct material, and overheads.
Cost of good sold is determined by
Beginning stock + purchases - closing stock.
In this case, the costs of goods sold will be Direct labor + Direct materials + overheads. + (ending - beginning work in progress)
i.e., = $35,000 + $73,000+ $114,000 + $ 4000
=$226,000
Answer:
281 units.
Explanation:
D = Annual Demand = 14,300 units
S = Cost per order = $72
H = Holding Cost = $26
Economic Order Quantity = 281.42
