A corporation is authorized to sell 1,000,000 shares of common stock. Today there are 500,000 shares outstanding, and the board
1 answer:
You might be interested in
Answer:
It is better to paint the garage this week as provide better relevant yield.
Explanation:
The 1,000 invested in the law mower ware sunk cost as it is already incurred. After this week we will be still be able to take jobs ralated to the lawn mower.
We must base our analysis in the future cost associate with each alternative.
These are the revenue of each job and the additional cost.
The transportation as they are equal to both alternative are disregarded.
Answer:
1805
Explanation:
Number of units sold in September = 160 units
Using the first - In, First out inventory method : assumes that the oldest (first) inventory items have been sold first.
Inventory items will first be sold from April, the May and so on :
Unit price in April = $11 ; Number of items = 115
($11 * 115) = $1265
(160 - 115) = 45 units
This 45 units will be sold at unit price for May :
(45 * $12) = $540
Cost of goods sold in September :
$1265 + $540 = $1805
