Answer:
The correct response is Option b (1.60%).
Explanation:
According to the question,
Initial investment,
= $50,000
Perpetual annual cash flows,
= $800
Now,
The interest rate will be:
=
On substituting the given values, we get
=
=
i.e.,
=
3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M p
1 answer:
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Answer: $29,000
Explanation:
Hello.
Your question was incomplete so I attached a picture showing the missing details.
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
