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hram777 [196]
3 years ago
11

Cost of goods available for sale is computed by adding: a) purchases to beginning inventory.b) beginning inventory to the cost o

f goods purchased. c) net purchases and freight-in. d) beginning inventory to net purchases.
Business
1 answer:
hichkok12 [17]3 years ago
7 0

Answer:

The correct answer is B and D

Explanation:

Cost of goods available for sale is defined as the price paid for the inventory which is ready for the customers to purchase. In short, it is the purchase price or the amount of all the merchandises that is ready for sale with the retailer in the market.

The formula to computing the cost of goods available is as:

Cost of goods available for sale = Net (Total) Purchases + Beginning Inventory

OR

Cost of goods sold for sale = Beginning (Starting) inventory + Cost of goods purchased

This computation measures or evaluates the inventory amount or price that the retailer has at any point during the period.

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The kind of money used by a group or nation.
kotegsom [21]
The kind of money used by a group or nation is usually considered currency. Currency can be denominated in paper or coin money, but most currency today exists in bank balances throughout the world in non-physical (exists only on a computer or in a bank ledger) rather than in its physical form. 
5 0
3 years ago
Read 2 more answers
Jackson Co. began the year with $20,000 in inventory. During the year, the company purchased $80,000 worth of inventory. At the
Irina-Kira [14]

Answer:

The total cost of goods sold  = $70,000

Explanation:

Given:

Initial inventory at the start of the year for Jackson Co. = $20,000

Total cost of purchases made during the year = $80,000

Inventory remaining at the end of the year = $30,000

Solution:

Total inventory for Jackson Co. during the year = \$20,000+\$80000= \$100,000

Inventory remaining at the end of the year = $30,000

The cost of the goods sold can be calculated by subtracting the remaining  inventory from the total inventory.

Thus, cost of goods sold can be given as :

⇒ \$100,000-\$30,000

⇒  \$70,000

The total cost of goods sold  = $70,000

8 0
3 years ago
You produce cars. You are willing to supply the most cars at a price level of ___
gayaneshka [121]
Im guess it would be 20,000 but im not positive

6 0
3 years ago
Read 2 more answers
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 4,100 units, its aver
Lina20 [59]

Answer:

$63,140

Explanation:

For computing the total amount of product cost first we have to find out the total product cost per unit which is shown below

Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit.

= $6.70 + $3.40 + $1.50 + $3.80

= $15.40

Now the

Product cost is

= units produced × cost per unit

= 4,100 units × $15.40

= $63,140

We simply applied the above formulas

4 0
3 years ago
Careco Company and Audaco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows
LenKa [72]

Answer:

E) if the firm evaluates these projects and all other projects at the new overall corporate wacc, it will probably become riskier over time.

Explanation:

Before the merger, Audaco would have rejected any project with an IRR of less than 12% (more risky investments) while Careco only required a 10% IRR (less risky projects). But after the merger the combined WACC will be lower than Audaco's, but higher than Careco's. Therefore, the new merged company will start accepting more risky projects and that tendency will continue over time. Eventually, the company's WACC will have to adjust and increase, and the cycle will continue.

5 0
3 years ago
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