Answer:
$66,680
Explanation:
The computation of the cost pf goods sold is shown below:
= Number of units sold × average cost per unit
where,
Number of units sold equals to
= Beginning inventory units + purchased units - ending inventory units units
= 3,000 units + 6,000 units - 5,000 units
= 4,000 units
Now the average cost per unit would be
= (Beginning inventory + purchases) ÷ (Beginning inventory units + purchased units)
= ($20,000 + $130,000) ÷ (3,000 units + 6,000 units)
= $16.67
Now put these values to the above formula
So, the value would equal to
= $4,000 units × $16.67
= $66,680
Answer:
Federal arbitration district court
Explanation:
It's so judicial platform to facilitate private dispute resolutions through arbitration, it applies where transactions contemplated by parties involved interstate commerce.
Answer:
I know this answer ....
Explanation:
i give a hint to u- hydrogen
Answer:
The question is:
a. Journalize Valley's written off of the uncollectible receivables
b. What is the Account Receivables of Valley at May 31st 2018.
-----------
The answer is:
a.
31 May 2018
Dr Bad Debt expenses 1,100
Cr Account Receivables 1,100
( to written off of the uncollectible receivables)
b.
The balance of Account Receivables as at 31 May 2018: $24,900
Explanation:
a. Because direct written-off method is applied, the uncollectible amount is only recorded when it incurred rather than when it is foreseen. Bad debt expenses is debited and an offsetting credit is recorded straight into Account Receivables account ( instead of Provision for Uncollectible account).
b. The balance at end of May is calculated as:
Ending balance of April + Credit sales in May - Collection of credit sales in May - Uncollectibale amount recorded in May = 19,000 + 22,000 - 15,000 - 1,100 = $24,900.
A retail price. Retail price meaning: <span>The entire </span>price<span> charged for a product sold to a person.</span>
