Answer:
$583
Explanation:
Under the FIFO method, we considered the first unit first comes out
The computation of the cost of units sold for 26 units is shown below:
The 26 units are taken from
11 units at $17 each, 11 units at $28 each and the remaining 4 units i.e 26 units - 22 units taken at $22 each
So,
= 11 units × $17 + 11 units × $28 + 4 units × $22
= $187 + $308 + $88
= $583
Answer:$722,000
Explanation:
The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.
Answer:
B. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services
Explanation:
Answer:
B. Must be written to be enforceable
Explanation:
In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.
These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.
