Answer:
Cost of Goods Sold for the month is $1656
Explanation:
Weighted Average Cost System calculates a new average for goods after each purchase.
Mountain Made Inventory Balance runs as follows:
<u>At Beginning:</u>
(3 quilts × $200) = $600
<u>After Purchased of 7 additional quilts for $210 each:</u>
(3 quilts × $200) + (7 quilts × $210) = $2070
New Inventory Cost = $2070/10quilts =$207 each
<u>At end</u>
2 quilts remained unsold. Therefore sold quilts were 8 ie (10quilts-2quilts)
Therefore cost of sold quilts is 8 × $207 = $1656
Answer:
The answer is below
Explanation:
According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"
The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.
Answer:
the quantity of coal becomes more elastic
hope this helps you ☺️☺️
Answer:
The correct answer is B. False.
Explanation:
An unqualified or normal opinion is issued in the event that the auditor, after obtaining sufficient and competent audit evidence, is fully satisfied with the reasonableness of the financial statements and their preparation in accordance with generally accepted accounting principles and standards applied to a base consistent with previous years. This satisfaction of the auditors is presented in the report in a clear and affirmative manner.
In issuing an unqualified opinion, the auditor tacitly expresses that if there have been changes in accounting principles or in the method of application, the relative effects of these have been determined and correctly presented in the financial statements.
Answer:
$90,000 loss on disposal
Explanation:
If the current year's depreciation of $45,000 is recorded, the loss on disposal will be $45,000 multiplied by 2 which is $90,000
