Answer:
Cost of goods sold= $28,900
Explanation:
Giving the following information:
Beginning inventory= 1,550 units at $18
February= 1,800 units at $17
March= 850 units at $19
Xu sells 1,600 units during the quarter.
To calculate the cost of goods sold under LIFO (last-in, first-out) we will use the cost of the last units incorporated to inventory:
Cost of goods sold= 850*19 + 750*17= $28,900
<span>Distinguish how companies whose profits reflect growth in your industry are able to structure their business to cope with changes in customer needs. ... Assess your strategic objectives and your business activities to ensure that they align with achievement of your key success factors.</span>
Answer:
I BELIVE IS
Explanation:
No, a MLO is prohibited from working for two companies at the same time. HOPE IT HELPS
B. is never negative. is your correct answer! Please mark brainliest! :) Have a nice day!
Answer: Cost of Goods Sold.
Explanation: Cost of goods sold which is considered to be an expense account is a temporary account and they are being closed at the end of the year.
Closing of this account creates an access that lowers the value of the cost of goods some to zero and also helps to make sure the balances match. This is done by transporting the debit balances in the account to a clearing account which is thus called income summary.