Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has a beginning inventory of $60,000 and

A company has a beginning inventory of $60,000 and purchases during the year of $130,000....

70.2K

Verified Solution

Question

Accounting

A company has a beginning inventory of $60,000 and purchases during the year of $130,000. The beginning inventory consisted of 3,000 units and 6,000 units were purchased during the year. The company has 5,000 units left at year - end. Under average - cost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)
A. $190,000
B. $130,000
C. $84,440
D. $126,660
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The function f(x, y) = 10?x 2?4y 2+2x has one critical point. Find that critical point...

Basic Math
Q

Antibiotics are used to eliminate which organisms. A. Viruses B. Bacteria C. Protozoan pathogens D. All of the above.

Biology
Q

What is the evaporated volume of one pint of liquid methanol (MW=46.1, SG=0.79) at standard temperature...

Chemistry
Q

Trace a molecule of urea from the arcuate artery to the point that it exits from...

Medical Sciences
Q

It's ok to be a cat guy Why can men not be cat people? Reflect on...

Psychology
Q

A rapid mixing basin is to be designed for a drinking water coagulation plant with a...

Civil Engineering
Q

1-What are the responsibilities/duties of the Board of Directors in acting to protect the shareholders of...

General Management
Q

3 Consider the graph below MA 3 3 2 2 3 Give three different equations...

Statistics
Q

Question 2 (25 marks total) Below is a representative bank's T-account. Answer the questions below....

Accounting
Q

Super Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of...

Accounting
Q

I need help on a question. feel free to use your own example for a...

Accounting
Q

The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS...

Accounting