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lilyrockstarmag
12.10.2019 •
Mathematics
Date units purchased cost per unit
january 1 10 $8.00 (beginning inventory)
january 18 50 $9.00
february 20 20 $11.00
march 15 10 $12.00 (ending inventory: 19)
the specific identification method indicates the following units to be on hand: january 1, (2); january 18, (5); february 20, (6); march 15, (6). the cost of goods sold is
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Ответ:
Cost of Goods sold= $ 671
Step-by-step explanation:
On Jan 1 Units Purchased = 10
and Units on hand = 2
so goods sold = 10 - 2 =8
On Jan 18 Units Purchased = 50
and Units on hand = 5
so goods sold = 50 - 5 = 45
On Feb 20 Units Purchased = 20
and Units on hand = 6
so goods sold = 20 - 6 = 14
On march 15 Units Purchased = 10
and Units on hand = 6
so goods sold = 10 - 6 = 4
So, the cost of gods sold can be found by multiplying good sold on each day with its cost per unit and then adding them
cost of gods sold = goods sold on Jan 1 * Cost per unit + goods sold on Jan 18 * Cost per unit + goods sold on Feb 20 * Cost per unit +goods sold on March 15 * Cost per unit
cost of gods sold = 8*8 + 45*9 + 14*11 + 4*12
= 64+405+154+48
= 671
Ответ:
Hello. Please add an image or screenshot, or provide the coordinates of GFE. When you do, I will get back to you.
Step-by-step explanation: