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Komok [63]
3 years ago
12

Wholesale Company began the year with merchandise inventory of $ 8 comma 000. During the​ year, Upper S purchased $ 96 comma 000

of goods and returned $ 6 comma 200 due to damage. Upper S also paid freight charges of $ 1 comma 100 on inventory purchases. At​ year-end, Upper S​'s ending merchandise inventory balance stood at $ 17 comma 300. Assume that Upper S uses the periodic inventory system. Compute Upper S​'s cost of goods sold for the year
Business
2 answers:
schepotkina [342]3 years ago
8 0

Answer:

Refer below for the explanation.

Explanation:

Inventory                8,000

Purchases                            96,000

Less: return        6,200

Add Freight                       1,100

Less: Closing      17,300

COGS.              81,600

yanalaym [24]3 years ago
5 0

Answer:

The answer is given as below;

Explanation:

Opening inventory                  $8,000

Purchases                              $96,000

Less: return outwards             ($6,200)

Add; Freight in                            $1,100

Less: Closing Inventory            ($17,300)

Cost of Goods Sold                   $81,600

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Answer:

She pays the inheritance tax , while the estate is responsible for the estate tax.

Explanation:

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4 0
3 years ago
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schepotkina [342]

Answer:

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contribution margin                       $140          $150         $70

machine time                                 9 min.        12 min.      11 min.

lbs. of pellets                                  12              7                11

total machine time is the constraint in the production process

1a)

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machine hour

1b)

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1c)

fishing guard since its contribution margin per machine hour is much lower than the rest of the products

2a)

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                                                       Guard       Guard       Guard

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lbs. of pellets

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Golf guard since its contribution margin per lb. of pellets is much higher than the rest of the products

2c)

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4 0
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Answer:

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Total partners capital = $80,000 + $40,000 + $36,000

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Now the total firm capital would be

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Now the implied goodwill would be

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