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Greeley [361]
3 years ago
7

Juice Drinks has beginning inventory of $10,000, purchases in the amount of $150,000, and ending inventory of $8,000. Juice Drin

ks cost of goods sold is $ ____________.
Business
1 answer:
astra-53 [7]3 years ago
8 0

Answer:

$152,000

Explanation:

Given the data as shown below;

Opening inventory = $10,000

Purchases = $150,000

Ending inventory = $8,000

Therefore,

Juice drinks cost of goods sold = Opening inventory + Purchases - Ending inventory

= $10,000 + $150,000 - $8,000

= $152,000

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In the course of creating an effective business message, excellent business thinkers are most likely to
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What characterizes developing economies? Check all that apply.
vladimir1956 [14]

Answer:

A. a growing industrial economy

D. a focus on agricultural activity

Explanation:

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6 0
3 years ago
Read 2 more answers
This year, Yuan started a business selling computer parts both in store and online. He purchased $60,000 of goods during the yea
vesna_86 [32]

Answer:

d $51,000

Explanation:

Ending inventory is the value of the inventory in the store at the end of the year.

Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.

In This question it is assumed that there is no beginning inventory of the goods. $90,000 of the purchases were made and at the end of the year there was $9,000 balance of inventory.

We can calculate the deduction value as follw

Ending Inventory = Beginning Inventory + Purchases - deduction

$9000 = $0 + $60,000 - deduction

$9000 = $60,000 - deduction

Deduction = $60,000 - $9,000 = $51,000

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