Answer: $29,000
Explanation:
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Cost of Goods sold using First in First Out where the earliest goods are sold first.
Seeing as we have 4,000 units left, that means that none of the stock purchased on the 8th of November have been sold.
1,000 units of the stock purchased on the 18th of June remain.
Cost of Goods sold is therefore,
= 1,000*8 + 3,000 * 7
= $29,000
Cost of goods for Inventory available is $29,000
The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.
<h3>What is meant by total cost?</h3>Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.
Given values:
Cost of direct materials: $50,000
Cost of direct labor: $25,000
Cost of overheads: $12,500 ($25,000 X 50%)
Computation of total job cost:
Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.
Learn more about the overhead cost in the related link:
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Answer:
present value = $12811.98
present value = $11428.17
present value = $9964.92
Explanation:
given data
injury settlement = $14,000
time = 3 year
opportunity cost = 3%
opportunity cost = 7%
opportunity cost = 12%
solution
we will apply here Present value formula that is
present value = ..............................1
put here value of opportunity cost rate we get
present value =
present value = $12811.98
and
present value =
present value = $11428.17
and
present value =
present value = $9964.92