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
3241004551 [841]
3 years ago
11

What is the total Cost of Goods Sold for December 31, 2016 if a manufacturer has the following account balances at December 31,

2016: Beginning Work-in Progress of $2,000; Beginning Finished Goods of $5,000; Cost of Goods Manufactured of $25,000; Ending Finished Goods of $10,000; Ending Work-in Progress of $8,000
Business
1 answer:
icang [17]3 years ago
4 0

Answer:

COGS=  $20,000

Explanation:

Giving the following information:

Beginning Finished Goods of $5,000

Cost of Goods Manufactured of $25,000

Ending Finished Goods of $10,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 5,000 + 25,000 - 10,000

COGS=  $20,000

You might be interested in
Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
Juliette [100K]

Answer:

Lynn will receive $63,754 at the end of 8 years.

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

FV  = PV x ( 1 + r )^n

PV  = Present value = $40,000

n = number of years = 8 years

r = Interest rate = 6%

FV = Future value = ?

FV  = $40,000 x ( 1 + 6% )^8 = $63,754

8 0
3 years ago
Read 2 more answers
This is the thing an organization does best—something that draws customers to the company, is difficult to imitate, and opens up
jasenka [17]
The description above describes the term CORE COMPETENCE. Core competence is one of the terms in the management theory. This emphasizes the combined resources and skills in order to fulfill once goal and to open up and access potential markets.
4 0
3 years ago
How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by elimi
kupik [55]

Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.

<h3>Why are trade agreements important?</h3>

Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.

Thus Option C is correct about the trade agreement.

For more information about the Trade agreement refer to the link:

brainly.com/question/1550074

7 0
2 years ago
What is the amount of production overhead allocated to the assembling unit cost pool?
Diano4ka-milaya [45]

$800,000 × 40% = $320,000 is the amount required for the production of overhead allocated to the assembling unit cost pool.

Because the activity rates are computed by dividing the total cost for each activity by its total activity &  per unit cost is calculated by dividing the total dollars in each activity cost pool by the number of units of the activity cost drivers. the total cost of each activity pool is divided by the total number of units of the activity to determine the cost per unit.

Cost pool is a grouping of individual costs, typically by department or service center.

Cost per unit the amount of money spent by the company during a period for producing a single unit of the particular product or the services of the company.

Determine means to discover the facts about something.

To know more about the Cost Pool Here

brainly.com/question/14347180

#SPJ4

4 0
1 year ago
On time transport verified that it had a receipt showing that 2,000 air filtration units had been delivered to its warehouse. Wh
melisa1 [442]

The bill of lading is the type of receipt that provides information showing that 2,000 air filtration units had been delivered to its warehouse.

<h3>What is a bill of lading?</h3>

A carrier will issue a bill of lading to confirm receiving cargo for shipment. A bill of lading can be used for any sort of good transportation today, despite the fact that originally the phrase was exclusively used to refer to shipping. A contract, a receipt attesting to the carrier's receipt of the goods, and a document of title are all purposes served by the bill of loading.

Consequently, it is a document that goes with freight that outlines the agreement between the shipper and the carrier and sets down the rules that apply to their interaction when products are transported. It provides information about the shipment's cargo and transfers ownership of the shipment to the designated recipient party.

To learn more about bill of lading, visit:

brainly.com/question/23308202

#SPJ1

7 0
10 months ago
Other questions:
  • When the stock market crashed people _____________?
    8·1 answer
  • On January 1, Year 2, Grande Company had a $63,400 balance in the Accounts Receivable account and a $1,300 balance in the Allowa
    14·1 answer
  • Breakeven and leverage wingler communications corporation (wcc) produces premium stereo headphones that sell for $28 80 per set,
    14·1 answer
  • When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
    6·1 answer
  • Eve's Apples opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability poli
    13·1 answer
  • Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
    10·1 answer
  • The solicitation of a consumer's consent (called "opt-in") to receive email and advertising based on personal data supplied by t
    6·1 answer
  • What is scientific management
    5·1 answer
  • Why is the quality of standards/services of products usually low for a domestic business?
    9·1 answer
  • The late Nobel Prize-winning economist George Stigler once wrote, "the most common and most important criticism of perfect compe
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!