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sasho [114]
3 years ago
15

A company purchased 120 units for $ 20 each on January 31. It purchased 170 units for $ 30 each on February 28. It sold 170 unit

s for $ 60 each from March 1 through December 31. If the company uses the firstminus​in, firstminusout inventory costing​ method, what is the amount of Cost of Goods Sold on the income statement for the year ending December​ 31? (Assume that the company uses a perpetual inventory​ system.)
Business
1 answer:
Zolol [24]3 years ago
4 0

Answer:

$2,730

Explanation:

The computation of the Cost of Goods Sold is shown below:-

Cost of goods sold =  Purchase × Each Unit + (Sold units - Each unit) × Purchase units

= 120 units × $20 + 110 units × $30

= $2,400 + $330

= $2,730

Therefore we have calculated the cost of goods sold from First in the first-out method by applying the above formula.

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19. 14 oz of gold equals how much in dollars.
Dmitrij [34]

Answer:

14 Troy Ounces of Gold is Worth

U.S. dollars (USD) 24,984

Euros (EUR) 22,105

British pounds (GBP) 18,756

Explanation:

How much is an ounce of 14 gold?

Image result for price of gold 14oz

The current stock price for pure gold (. 999 gold) per ounce is $1786.69. That means that one ounce of 14K gold is worth $1046.26.

...............................................................................................................................................

Is Gold a Good Store of Value?

For long periods of time, yes, gold is an excellent store of value.

Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

This doesn't mean that there haven't been ups and downs. Between 1980–2000, the price of gold declined considerably.

However, with governments printing more and more money due to the coronavirus and pension crises, it seems likely that gold will continue to hold its value well.

...............................................................................................................................................

Troy Ounces USD Value

14.00 $24,984

14.01 $25,001

14.02 $25,019

14.03 $25,037

14.04 $25,055

14.05 $25,073

14.06 $25,091

14.07 $25,108

14.08 $25,126

14.09 $25,144

14.10 $25,162

14.11 $25,180

14.12 $25,198

14.13 $25,216

14.14 $25,233

14.15 $25,251

14.16 $25,269

14.17 $25,287

14.18 $25,305

14.19 $25,323

14.20 $25,340

14.21 $25,358

14.22 $25,376

14.23 $25,394

14.24 $25,412

Troy Ounces USD Value

14.25 $25,430

14.26 $25,448

14.27 $25,465

14.28 $25,483

14.29 $25,501

14.30 $25,519

14.31 $25,537

14.32 $25,555

14.33 $25,572

14.34 $25,590

14.35 $25,608

14.36 $25,626

14.37 $25,644

14.38 $25,662

14.39 $25,680

14.40 $25,697

14.41 $25,715

14.42 $25,733

14.43 $25,751

14.44 $25,769

14.45 $25,787

14.46 $25,804

14.47 $25,822

14.48 $25,840

14.49 $25,858

Troy Ounces USD Value

14.50 $25,876

14.51 $25,894

14.52 $25,912

14.53 $25,929

14.54 $25,947

14.55 $25,965

14.56 $25,983

14.57 $26,001

14.58 $26,019

14.59 $26,036

14.60 $26,054

14.61 $26,072

14.62 $26,090

14.63 $26,108

14.64 $26,126

14.65 $26,144

14.66 $26,161

14.67 $26,179

14.68 $26,197

14.69 $26,215

14.70 $26,233

14.71 $26,251

14.72 $26,268

14.73 $26,286

14.74 $26,304

Troy Ounces USD Value

14.75 $26,322

14.76 $26,340

14.77 $26,358

14.78 $26,376

14.79 $26,393

14.80 $26,411

14.81 $26,429

14.82 $26,447

14.83 $26,465

14.84 $26,483

14.85 $26,500

14.86 $26,518

14.87 $26,536

14.88 $26,554

14.89 $26,572

14.90 $26,590

14.91 $26,607

14.92 $26,625

14.93 $26,643

14.94 $26,661

14.95 $26,679

14.96 $26,697

14.97 $26,715

14.98 $26,732

14.99 $26,750

5 0
2 years ago
A company has a selling price of $1,300 each for its printers. Each printer has a 2 year warranty that covers replacement of def
riadik2000 [5.3K]

Answer:

$56,000

Explanation:

The computation of the warranty expense for the month of November is shown below:

Warranty expense = Number of printers × Estimated percentage of defectives parts × Average cost per printer

= 20,000 printers × 2% × $140

= 400 × 1460

= $56,000

We simply multiplied the number of printers with the estimated percentage and the average printer cost so that the warranty expense could come

3 0
2 years ago
A researcher examining the effects of an experimental surgery on epilepsy randomly assigns epileptic patients to three different
sergey [27]
The answer to this question is the "WAIT-LIST CONTROL". When a  researcher is examining the effects of an experimental surgery on epilepsy randomly assigns epileptic patients to three different conditions. The first condition is that the participants receive the surgery. The second condition is that the patients receive the medication while third condition, the patients receive the surgery one month after the other group of patients. The third group of patients who need to wait for another one month is in the WAIT-LIST CONTROL and can only be accommodated after the other group is done.
6 0
3 years ago
In what way is the HR function important to the success of the everyday tasks in an organization? Discuss the competitive advant
pentagon [3]

Answer:HR plays a key role in developing, reinforcing and changing the culture of an organisation. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements of business culture covered by HR

A diverse workforce is a more productive workforce, and your business can benefit from different perspectives, improved community relations and more creative ideas.

Workforce diversity can bring about an increase in productivity and competitive advantages. Employers can offer more solutions to customers because of new ideas and processes brought into the organization. Workplace diversity also increases employee morale and causes employees to desire to work more effectively and efficiently. Diversity in leadership within a firm allows managers to bring in new skills and methods for achieving unity within their teams.

Explanation: workforce diversity helps the organization to grow faster and also boost the morals of employees,for every organization that adopt diversity it's tends to be above other organizationbin level of productivity.

8 0
3 years ago
Read 2 more answers
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth
user100 [1]

Answer:

The  current share price is $71.05

Explanation:

P3 = D3(1 + g)/(R – g)

    = D0[(1 + g1)^3](1 + g2)/(R – g)

    = [$1.45*(1.20)^3(1.08)]/(0.11 – 0.08)  

    = $90.20

The price of the stock today is the PV of the first three dividends, plus the PV of the Year 3 stock price given by:  

P0 = $1.45(1.20)/1.11 + $1.45[(1.20)^2]/1.112 + $1.45[(1.20)^3]/1.113 + $90.20/1.113

    = 1.568 + 1.695 + 1.832 + 65.958

    = $71.05

Therefore, The  current share price is $71.05

7 0
3 years ago
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