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SSSSS [86.1K]
4 years ago
10

A company, using the periodic inventory system, has merchandise inventory costing $210 on hand at the beginning of the period. D

uring the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is
Business
1 answer:
Sphinxa [80]4 years ago
8 0

Answer:

The answer is: The COGS is $635

Explanation:

We will use the following entries:

  • Initial merchandise inventory                                 $210
  • Purchased merchandise inventory                        $635
  • Ending merchandise inventory                              $160

Cost of goods sold = initial inventory + purchases - ending inventory

Cost of goods sold = $210 + $635 - $160 = $685

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dupe's age and olu's add upto 25 years. Eight years ago , dupe was twice as old as olu. how old are they now?​
Bas_tet [7]

Dupe's present age = 14 years

Olu's present age = 11 years

Explanation:

  • Let Dupe's age be x. Let Olu's age be y. Since their ages add up to 25 years, x + y = 25
  • Eight years ago Dupe's age was double that of Olu's age. Solving by simultaneous equations. Four methods are Elimination Method, Graphical Method, Substitution Method, and    Matrix Method. Let us try out Elimination method for solving a pair of simultaneous linear equations that reduces one equation to one that has only a single variable. Once this has been done, the solution is the same as that for when one line was vertical or parallel.
  • Therefore, eight years ago, Dupe's age was 6 and Olu's age was 3 so that x=2y becomes, 6=2*3. Eight years hence, x=6+8=14 and y=3+8=11. That makes, x or Dupe's age as 14 years and y or Olu's age as 11 years.  
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4 years ago
. Ellen has a thirty-year mortgage with level monthly payments. The amount of principal in her 82nd payment is $259.34, and the
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Answer:

Explanation:

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7 0
3 years ago
Emerald Printing Company projected the following information for next year:
elena55 [62]

Answer:

$200,000

Explanation:

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Contribution margin ratio = Contribution margin ÷ Selling price

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Answer:

Explanation:

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