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loris [4]
3 years ago
12

Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au

gust 18, 40 units were purchased at $25 per unit. August 29, 34 units were sold. What was the amount of the cost of goods sold for this sale? rev: 10_23_2013_QC_37882, 10_30_2013_QC_37882, 11_01_2013_QC_37882 Multiple Choice $952.00 $1,552.00 $1,000.00
Business
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

Cost of goods sold= $816

Explanation:

Giving the following information:

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2: 24 units were purchased at $23 per unit.

August 18: 40 units were purchased at $25 per unit.

On August 29: 34 units were sold.

Weighted-average= (23 + 25)/2= $24

Cost of goods sold= 34*24= $816

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Based on the relationship between the above mentioned measures, the following is true:

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  • When YTM <u>rises</u>, the price of the bond <u>falls</u>.

<h3>What is Yield to Maturity?</h3>
  • It is the discount rate on the bond.
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When the YTM is high, it means that the bond is more risky which leads to it having a lower price to compensate for the risk. The reverse is true.

Find out more on YTM at brainly.com/question/15172286.

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Answer:

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3 years ago
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