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
Svetradugi [14.3K]
3 years ago
8

At the beginning of September 2018, Sheffield Company reported Inventory of $7800. During the month, the company made purchases

of $35000. At September 30, 2018, a physical count of inventory reported $8100 on hand. Cost of goods sold for the month is $35300. $42800. $34700. $35000.
Business
1 answer:
bulgar [2K]3 years ago
3 0

Answer:

$34,700

Explanation:

Data provided

Beginning inventory = $7,800

Purchase = $35,000

Closing inventory = $8,100

The computation of Cost of goods sold for the month is shown below:-

Cost of goods sold = Beginning inventory + Purchase - Closing inventory

= $7,800 + $35,000 - $8,100

= $42,800 - $8,100

= $34,700

Therefore for computing the cost of goods sold we simply applied the above formula.

You might be interested in
Brian wants to buy a mare that he can breed to help develop a horse operation. Larson offers to sell Brian a horse that Larson b
aev [14]

Answer:

The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.

Explanation:

Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.

4 0
4 years ago
A manufacturing company has a beginning finished goods inventory of $16,500, raw material purchases of $19,900, cost of goods ma
egoroff_w [7]

Answer:

Cost of goods sold=$33,100

Explanation:

Given data:

Beginning finished goods inventory=$16,500

Raw material purchases=$19,900

Cost of goods manufactured=$36,300

Ending finished goods inventory=$19,700

Required:

Cost of goods sold for this company=?

Solution:

Cost of goods sold= Beginning Inventory+Cost of f goods manufactured- Ending Inventory

Cost of goods sold=$16,500+$36,300-$19,700

Cost of goods sold=$33,100

8 0
3 years ago
Which of the following is NOT a determinant of a shift in demand for Laptops?
lora16 [44]
It's a income i did that quiz
4 0
3 years ago
Read 2 more answers
A. Why is the healthcare industry perceived as being less proactive than other industries in the area of computerized informatio
Mrrafil [7]

Answer:

Explanation:

(A) (i) The healthcare industry is perceived that way because most of the training & advancement programs for health practitioners do not shed light on information technology.

(ii) This perception can be changed, by introducing the idea and practice of computerized information systems.

(B) The three concepts are related, such that

- E-health has to do with the offering of health care via electronic means.

- E-commerce is the electronic provision for traders (buyers, sellers, investors, etc) which extends the market place from land to electronic devices.

- Electronic Data Interchange (EDI) is a kind of e-commerce tool or infrastructure which enables the availability and spread of information.

(C) What is driving the increased use of computerized care protocols in healthcare?

The driver of this is the increase in the use of internet technology. Businesses (health or non-health related) have grown through this medium and healthcare givers have had to resort to this.

(D) Key public infrastructure are the social amenities which are considered crucial to the lives of citizens.

This is receiving much attention in the healthcare industry because primary healthcare is a key public infrastructure! Others include stable electricity, pipe borne water, good roads, security, etc. These infrastructure improve the living standard of people.

8 0
4 years ago
Bale Co. incurred $100,000 of acquisition costs related to the purchase of the net assets of Dixon Co. The $100,000 should be: A
Olin [163]

Answer:

D. Expensed as incurred in the current period.

Explanation:

Since in the question it is given that the acquisition cost incurred for $100,000 which is related to the purchase of the net assets

And, the same $100,000 is reported as an expenses incurred for the current period as other cost like professional fees, consulting fees, general administrative cost expenses, etc are recorded when they are incurred

Hence, the last option is correct

4 0
3 years ago
Other questions:
  • During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer on account at a cost of $56,0
    9·1 answer
  • . Describe an example of a company that manufactures a product.
    15·1 answer
  • Haskell Motots common equity on the balance sheet totals $700million and the company has 35 million shares of common stockoutsta
    13·1 answer
  • The average student who has completed four years of college has taken more than​ 2,600 tests. Educational systems contribute to
    8·1 answer
  • During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per
    12·1 answer
  • During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash
    6·1 answer
  • What is operating a vocation? explain with example.​
    5·1 answer
  • 10. Stone Industries has three product lines: X, Y and Z. The following information is available: Product X Product Y Product Z
    5·1 answer
  • 1-8 Dollar General Corporation operates deep-discount stores offering housewares, cleaning supplies, clothing, health and beauty
    6·1 answer
  • Any factor that leads businesses to collectively expect lower rates of return on their investments ______ investment demand.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!