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JulijaS [17]
3 years ago
12

In 2020, Neighbor Co-Op Inc. sells 1,100 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold

. As of December 31, 2020, a total of 880 glass bottles were returned and deposits on 130 bottles were forfeited because it is the company's policy that a deposit must be claimed within 30 days. The remaining 88 bottles are still with customers within the 30-day claim period. How much is the cost of goods sold for the bottles that were forfeited in 2020 assuming that the cost of each bottle is $0.80
Business
1 answer:
Effectus [21]3 years ago
4 0

Answer:

104

Explanation:

Because there was 130 that were forfeited and each bottle is 0.80 I multiplied 0.80x130 and got 104

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