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
pickupchik [31]
3 years ago
10

Olympus Climbers Company has the following inventory data:

Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

July 1: Beginning inventory - 30 units at $19

July 7: Purchases - 105 units at $20

July 22: Purchases - 15 units at $22

A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.

First, we need to determine the number of units sold:

Units sold= total units - ending inventory in units

Units sold= 150 - 48= 102 units

<u>Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the price of the firsts units incorporated into inventory.</u>

COGS= 30*19 + 72*20= $2,010

You might be interested in
What is organizing in business management
melamori03 [73]

Answer:

Organizing involves assigning tasks, grouping tasks into departments, delegating authority, and allocating resources across the organization. ... Before a plan can be implemented, managers must organize the assets of the business to execute the plan efficiently and effectively.

6 0
3 years ago
Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef
mihalych1998 [28]

the answer is: d. The expense of selling the home when she leaves the city.

The expense of selling the home would reduce the amount of money that she  eventually made after home is sold. If, the expense took too much percentage from the selling price, sasha would be better of renting her current house instead.

4 0
4 years ago
Read 2 more answers
Scala naturae was consistent with which other account of organismal formation and diversity?
alina1380 [7]

Scala naturae was consistent with The Old Testament.

<h3>What is Scala Naturae ?</h3>

In order to organize everything in the natural world, both living things and non-living things, Aristotle created the Scala Naturae ("Natural Ladder"). In his Scala Naturae, Aristotle depicted a continuum between "lower" and "higher" kinds of substance.

The species cannot move around on the ladder since everything has its place. This suggests that species are unchangeable.

Humans are the only species that can reason logically, according to Aristotle, who placed them above all other species. Plants and minerals cannot move, although both humans and animals can. Minerals cannot develop and reproduce like people, animals, or plants can.

To know more about Scala Naturae, visit

brainly.com/question/18453911

#SPJ4

6 0
2 years ago
Selected transactions for Sheridan Company are presented below in journal form (without explanations).
11111nata11111 [884]

5+55+125+15=555555555....

8 0
3 years ago
Wexim Toys sold merchandise to a customer on credit, terms 2/10, n/30 for $11,700. Three days later, the customer returned $2,30
Rom4ik [11]

Answer:

b) Debit Sales Returns and Allowances $2,300 and credit Accounts Receivable $2,300 in the general journal.

Explanation:

When goods were sold on account,  Accounts receivables is debited, and  Sales is credited.  When goods are returned,  Sales Return & Allowances is debited, and  Accounts receivables is credited.

Thus, the entry will include Debit in Sales Returns and Allowances $2,300 and Credit  in Accounts Receivable $2,300

7 0
3 years ago
Other questions:
  • Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,00
    11·1 answer
  • Remington Arms continually monitors the legal-political environment for changes in legislation that may adversely impact the sal
    12·1 answer
  • When a u.s. airplane manufacturer sells its airplanes to business executives in germany without using intermediaries, it is refe
    11·1 answer
  • Fran and Robert own 40% and 60%, respectively, of the RF Partnership. Fran is the general partner and Robert is a limited partne
    14·1 answer
  • The quantity of coffee sold fell sharply last month, while the price remained the same. Five people suggest various explanations
    15·1 answer
  • Diversification is important in investing because…A. It helps you to balance your risk across different types of investments.B.
    15·2 answers
  • Which best ranks Agriculture, Food, and Natural Resources careers from highest to lowest required degree?
    9·1 answer
  • Young company is involved in a lawsuit. The liability which could arise as a result of this lawsuit should be recorded on the bo
    12·1 answer
  • What are dividend payments?
    9·1 answer
  • The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called: the discount rate. open-market o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!