Carpentry
Hope that helps! :)
Answer: Income statement.
Explanation:
Also known as the profit and loss account, the income statement is a financial record that shows the amount of money that a business establishment receives and spends during a certain period (week, month or year). The profit or loss is determined by subtracting the expenses from the income during a period.
Answer:
Weighted average selling price= $94
Explanation:
Giving the following information:
Sales in units:
Skis= 12,600
Snorkles= 23,400
Total= 36,000
Product: Unit Selling Price
Skis= $120
Snorkels= $80
We need to calculate the weighted average selling price per unit for the company as a whole.
<u>First, we need to calculate the participation of each product on sales:</u>
Skis= 12,600/36,000= 0.35
Snorkles= 23,400/36,000= 0.65
Weighted average selling price= (0.35*120) + (0.65*80)= $94
Answer:
The correct answer is 'A'
Explanation:
A bank statement refers to a document that is a part of the statement of account of a customer that is sent to the customer by the bank every month. It also summarizes the transactions of the account held by the customer within a month.
Answer:
COGS= $81,770
Explanation:
Giving the following information:
Beginning inventory= 477 units that cost $65 each.
Purchases:
715 units at $68 each
364 units at $70 each.
Units sold= 1,197
<u>To calculate the cost of goods sold under the LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
COGS= 364*70 + 715*68 + 118*65
COGS= $81,770
