Answer:
Cost of goods sold = $179,000
Explanation:
The cost of goods sold represent the amount of direct expenditure incurred on the units of goods sold for the period. It is computed as follows
Cost of goods sold = Opening inventory + cost of production - closing inventory
Note that closing inventory represents the value of the goods yet to be sold at the end o the period while opening inventory represent the worth of goods brought forward from the previous period.
Cost of production is the addition of direct material, direct labour and production overhead.
The cost of goods sold for unique production is
Cost of goods sold = Opening inventory + production - closing inventory
cost of gods sold = 20,000 + (60,000 + 35,000 + 100,000) - 36,000
= $179,000
Answer:
income before extraordinary items
Answer:D. Does not constitute an acceptance of the offer.
Explanation:A Contract is a binding agreement between two persons with sound mind, contract agreements are contestable in the Courts,but for it to be acceptable as an evidence in the court of law certain prescribed conditions must be met.
Their was no agreement between Katrina and the company candy company, because her consent was not sort by the Company,the company should have sort her consent and if possible get her to sign certain agreement that will prevent Indiscriminate violation of the terms of agreement.
Answer:
The answer is option (A) Dr 4,800
Explanation:
Solution
From the given question, the prepaid insurance normally is having a debit balance.
When it is brought forward to next year, this GH₵ 2,400 has to be cancelled once by debiting to suspense account.
Also. it want 2400 to credit the balance in prepaid insurance ledger, it need or require to be credited and debited to suspense account with 2400 balance.
Now, this combined debit to suspense account will result to 4800 (2400 +2400).
