Business: Mr. Stevens owns a building in downtown Bentonville. He has considered opening a sporting goods store in the building but has also been approached by several business onwers who are interested in leasing the space. He decides to rent to someone who would like to use the space to open a gym. Mr. Stevens opportunity cost when he decides NOT to open his sporting goods store, is which of the following? a. the opportunity to rent it to another tenant b. the property tax he would pay on the building c.

Mr. Stevens owns a building in downtown Bentonville.

alex7881

15.02.2023

COGS= $148

Explanation:

Giving the following information:

Purchase= 50 widgets at $4 each

Sales= 37 widgets

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 0 + 50*4 - 13*4

COGS= $148

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