Answer:
COGS= $2,060
Explanation:
Giving the following information:
July 1: Beginning Inventory 30 units at $15 $450
July 7: Purchases 90 units at $23 2070
July 22: Purchases 10 units at $20 200
Ending inventory in units0 30 units
<u>First, we need to calculate the number of units sold:</u>
Units sold= total units - ending inventory in units
Units sold= 130 - 30
Units sold= 100
<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>
COGS= 30*15 + 70*23
COGS= $2,060
<span>A. According to the neoclassical theory, technical progress that increases the marginal product of farmers causes their real wage to rise.
B. The real wage in (a) is measured in terms of farm goods. That is, if the nominal wage is in dollars, then the real wage is W/PF, where PF is the dollar price of farm goods.
C. If the marginal productivity of barbers is unchanged, the their real wage is unchaged.
D. The real wage in (c) is measured in terms of haircuts. That is, if the nominal wage is in dollars, then the real wage is W/PH, where PH is the dollar price of a hair-cut.
E. If workers can move freely between being farmers and being barbers, then they must be paid the same wage W in each sector.
F. If the nominal wage W is the same in both sectors, but the real wage in terms of farm goods is greater than the real wage in terms of haircuts, then the price of haircuts must have risen relative to the price of farm goods.</span>
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The answer is <span>Ensure performance.
</span><span>Ensure performance is the responsibility to make sure that all members of your organizations do their parts collectively in order to achieve company's goals.
This could be done through various performance evaluation such as minimizing human error by obligating your employee to follow a certain system/guideline.</span>