Answer:
The total cost of goods sold = $70,000
Explanation:
Given:
Initial inventory at the start of the year for Jackson Co. = $20,000
Total cost of purchases made during the year = $80,000
Inventory remaining at the end of the year = $30,000
Solution:
Total inventory for Jackson Co. during the year = 
Inventory remaining at the end of the year = $30,000
The cost of the goods sold can be calculated by subtracting the remaining inventory from the total inventory.
Thus, cost of goods sold can be given as :
⇒ 
⇒ 
The total cost of goods sold = $70,000
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Answer:
$131.58
Explanation:
The computation of the new stock price is shown below:
= Selling price of stock per share ÷ current number of shares
= $250 ÷ 1.90
= $131.58
Since the 90% dividend is declared. It means for each share 90% dividend is declared so after stock dividend, the number of shares would be
= 1 + 90%
= 1 + 0.9
= 1.9
We simply divide the selling price by the current number of shares