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3 years ago

8

Sheridan’s beginning inventory is $39,000, goods purchased during the period cost $124,000, and the cost of goods sold for the p

eriod is $144,000. What is the amount of its ending inventory?

1 answer:

Katena32 [7]3 years ago

3 0

59,000 if you subtract the first 2 numbers and and it by the third number that is what you get

Hope this helped!

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Explanation:

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Smaller bags of items are generally priced lower per unit than larger bags.

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3 years ago

John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea

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Answer:

The net pay for John Jansen is $2894

Explanation:

For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .

Given information - Gross earning = $4000

FICA taxes = 7.65%

Federal income taxes = $675

State income taxes = 3%

Authorized voluntary deductions = $5

One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John

FICA taxes = 7.65% of $4000

= .0765 x $4000

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State taxes = 3% of $4000

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NET PAY = gross earnings - FICA tax - state tax - federal income tax -

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4 years ago

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo

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Answer:

Correct option is D

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Wages Payable $25,000

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3 years ago

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3 years ago