1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MakcuM [25]
3 years ago
15

Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou

nt of $323,000, and its inventory at the end of the year was $102,000. What was Baxter's Cost of Goods Sold for 2014?
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
7 0

Answer:

$306,000

Explanation:

The formula and the computation of the cost of good sold is shown below:

Cost of goods sold = Opening balance of merchandise inventory + Purchase made  - ending balance of merchandise inventory

= $85,000 + $323,000 - $102,000

= $306,000

Basically we have applied the above formula to find out the cost of goods sold

You might be interested in
What is a way Virtual Reality can be used in the construction industry?.
myrzilka [38]

The way Virtual Reality can be used understand the project needs by

monitoring progress and providing inputs in the industry.

<h3>What is Virtual Reality?</h3>

This is a simulated experience which is usually similar or different from

the real world.

This helps individuals to interact with an artificial 3-D visual and is used in

entertainment and business. It helps workers to provide the necessary

input during developmental stages in the construction industry.

Read more about Virtual reality here brainly.com/question/26514873

3 0
2 years ago
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them
Allushta [10]
True is the answer to the question I just had it
7 0
3 years ago
During January, the solar cell factory begins 57,000 solar cells, and completes 53,000 of them. The remaining 4,000 solar cells
pogonyaev

Answer:

"2000 units" is the right solution.

Explanation:

The given values are:

Transferred from WIP,

= 53,000 units

Units sold,

= 61,000 units

Beginning inventory,

= 10000 units

Now,

The total number of finished goods will be:

= ( Beginning \Inventory + Transferred \ from \ WIP - Units \ Sold )

On substituting the values, we get

= ( 10000 + 53000 - 61000 )

= 2000 \ Units

4 0
3 years ago
Explain the following term:-<br>a)market segment​
SIZIF [17.4K]

Answer:Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action

Explanation:

7 0
3 years ago
Read 2 more answers
Land used for raising crops or livestock is generally called a
lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

8 0
3 years ago
Read 2 more answers
Other questions:
  • A new retail associate in another department asks you about the features of the merchandise in his department. you just explaine
    6·1 answer
  • On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, ba
    6·1 answer
  • Sticky Company’s merchandise inventory balance at year end is $15,050, but a physical count reveals that only $15,000 of invento
    9·1 answer
  • An investor purchases one municipal bond and one corporate bond that pay rates of return of 7% and 8.4%, respectively. If the in
    15·1 answer
  • Although Gloria was aggressively recruited by PaperKlip Office Supplies, the treatment of her now that she is in the company has
    14·1 answer
  • Jose has accepted a sales position at Business Solutions Corporation. Prior to this job, Jose worked in the electronics departme
    15·1 answer
  • What are the advantages of following a strict repayment schedule? Check all that apply.
    15·1 answer
  • An investor thought that market interest rates were going to decline. He paid $19,000 for a corporate bond with a face value of
    8·1 answer
  • Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:
    12·1 answer
  • When preparing a presentation, you want to learn about the audience so that you can tailor your message accordingly. What factor
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!