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kozerog [31]
3 years ago
14

The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:

Business
1 answer:
Natalija [7]3 years ago
6 0

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

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Answer:

a) true

Explanation:

Costs that can be traced to a cost object in a cost-effective way are called direct costs. Sometimes they can literally be seen on the cost object by observation. For example the wood on the table.

7 0
2 years ago
Fixed overhead​ costs: A. never have any unused capacity B. should be unitized for planning purposes C. are unaffected by the de
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Answer:

C. are unaffected by the degree of operating efficiency in a given budget period.

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Fixed over head costs or indirect costs are cost that do not vary with the level of out put. They are essential cost required to manage a business.

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3 years ago
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$38.02

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Please see attachment .

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3 years ago
In a _________________________ economy, the individuals and the government share in the economic decision-making process. These
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Hope this helps Buddy!



- Courtney

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3 years ago
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