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
lawyer [7]
3 years ago
11

At the beginning of 2018, Calston Incorporated reports inventory of $10,000. During 2018, the company purchases additional inven

tory for $27,000. At the end of 2018, the cost of inventory remaining is $7,700.
Calculate cost of goods sold for 2018.
Business
2 answers:
tresset_1 [31]3 years ago
5 0

Answer:

COGS for 2018 :  119,300

Explanation:

We use the inventory identity to solve for Cost of Goods Sold:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

The right side are the input of inventory: it can be from previous prior and purchase from the period. And the left side are the destination, it can be on stock or sold.

We plug our values into the formula and solve for COGS

100,000 + 27,000 = 7,700 + COGS

COGS = 100,000 + 27,000 - 7,700 = 119,300

stira [4]3 years ago
4 0

Answer: COGS for 2018 : 119,300

Explanation:

You might be interested in
Our last four periods had sales, from oldest to most recent, of 100, 200, 130, and 300. what is the three-period ma
masya89 [10]
<span>Sales during the last four periods are in the order from older to recent as 100, 200, 130, and 300. Moving average is a successive average calculated from the successive segments. So the third month moving average MA3 = (200 + 130 + 300) / 3 = 630 / 3 = 210 So the answer is 210.</span>
6 0
3 years ago
Suppose that you are an economic-policy advisor. Environmental groups are pressuring you to implement the highest-possible carbo
liraira [26]

Answer: a tax equal to the external cost.

Explanation:

The most efficient taxes are those that will be equal to the external cost of production that a company is imposing on the environment. This means in effect that a company is paying for the pollution it is inflicting on the environment.

Companies polluting less would pay less and those polluting more would pay more. This is the logic of a tax equal to the external cost.

3 0
3 years ago
Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an
sergij07 [2.7K]
After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
5 0
3 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

3 0
4 years ago
Read 2 more answers
If implemented, the southern alliance's proposed "subtreasury system" would have eased the farm debt crisis by?
vesna_86 [32]

The sub-treasury plan, the federal government would hold crops in public warehouses and issue loans on their value until they could be profitably sold.

<h3>Why did Farmers face an increasing debt load in the late 1800s?</h3>

They were caught between increased costs and falling prices.

<h3>Why did the Grange movement focus on reducing prices that railroads and grain elevators charged? </h3>

Farmers relied on railroads and grain elevators but were forced to pay higher than usual rates.

<h3>To learn more about sub-treasury system visit:</h3>

brainly.com/question/16824604

#SPJ4

4 0
2 years ago
Other questions:
  • The basic source of state government's revenue is the property tax. <br> a. True <br> b. False
    15·1 answer
  • When assessing the value of a business, is most important.
    12·2 answers
  • Is Federal Income Tax a direct or indirect tax? Explain your response.
    10·1 answer
  • (tco 1) you are fairly good at various and sundry home repairs. you arent very good at electrical things, or anything having to
    6·1 answer
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • Managers must have the tools and resources necessary to "steer" the organization through future unknown conditions and often thr
    15·1 answer
  • When reviewing an application, the employer is most concerned about
    14·1 answer
  • Most formula products for infants contain Select one:
    8·1 answer
  • Suppose the government wants to help the coffee industry, where many producers earn relatively little. It is considering two pos
    7·1 answer
  • Sunland Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead c
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!