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NeX [460]
3 years ago
13

Marquis company uses a weighted-average perpetual inventory system. august 2, 13 units were purchased at $4 per unit. august 18,

18 units were purchased at $6 per unit. august 29, 15 units were sold. what is the amount of the cost of goods sold for this sale?
Business
1 answer:
suter [353]3 years ago
5 0

Answer:

250

Explanation:

total cost= unit cost x units

there are different unit costs every day shown apart from august 29, i used the latest date of 6 dollars per unit instead.

13 x 4 + 18 x 6 + 15 x 6 = 250

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A decline in value takes place in any 12 months in which the modern market fee of actual assets is less than its adjusted base year price as of the lien date, January 1.

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For example, if an asset is used 40% of the time for a non-public motive, the deduction for its decline in value is decreased by 40%. The decline in fee of positive property costing $300 or less may be the value, this is, you may be entitled to an immediate deduction.

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3 0
2 years ago
Barbara operates a sporting goods store. She uses the cash method and treats inventory as nonincidental supplies. At the beginni
hoa [83]

Answer:

$454,000

Explanation:

Ending inventory is the value of the inventory in the store at the end of the year.

Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.

In This question it is assumed that there is $26,000 of beginning inventory of the goods. $470,000 of the purchases were made and at the end of the year there was $42,000 balance of inventory.

We can calculate the deduction value as follow

Ending Inventory = Beginning Inventory + Purchases - deduction

$42000 = $26,000 + $470,000 - deduction

$42000 = $496,000 - deduction

Deduction = $496,000 - $42,000 = $454,000

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4 years ago
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4 years ago
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Tresset [83]

Answer:

d. prevents the economy from producing its potential level of real GDP.

Explanation:

Price-stickiness or Wage-stickiness, is a term that describes a condition in which a nominal price or wage is resistant to change. Often referred to as Nominal Rigidity, this occurs when a price or wage is fixed in nominal terms for a given period of time.

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