Answer:
$159,057
Explanation:
The computation of cost of goods sold is shown below:-
Total cost of goods available for sale = (7,200 × $10) + (4,000 × $13) + (12,000 × $13.50)
= $72,000 + $52,000 + $162,000
= $286,000
Total units = 7,200 + 4,000 + 12,000
= 23,200
Average cost per unit = Total cost of goods available for sale ÷ Total units
= $286,000 ÷ 23,200
= $12.33
So,
Cost of Goods sold = Sold units during the month × Average cost per unit
= 12,900 × $12.33
= $159,057
Therefore for computing the cost of goods sold for the month we simply applied the above formula.
Answer:
Communication
Explanation:
Communication is the exchange and flow of information and ideas from one person to another; it involves a sender transmitting an idea, information, or feeling to a receiver
Answer:
A) giving the key to a safe-deposit box where the gift is kept
Explanation:
- A Constructive delivery possession is that acquisition when here a symbolic transfer of property. The constructive distribution of the possession is basically a right that the property is not actually managed
- But the donor has done something to convey the possession, but the property is of such a nature that physical possession is then not possible, the creative possession of the property is sufficient to carry out the act of gift.
Answer:
Bad debt expense $ 14.850
Explanation:
Initial Balance
Accounts Receivable $ 309.000
Allowance for Uncollectible Accounts $ 600
Should be 5% of the Accounts Receivables
Allowance for Uncollectible Accounts $ 15.450
We must calculate the difference between the actual balance and the must be balance.
Adjustment entry
Bad debt expense $ 14.850
Allowance for Uncollectible Accounts $ 14.850
END Balance
Accounts Receivable $ 309.000
Allowance for Uncollectible Accounts $ 15.450
Answer:
option c it will have negative consequences..
