beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be ______.

Answers

Answer 1

Using the first-in, first-out inventory system, the cost of the 3 goods sold is assumed to be $30.

The first-in, first-out is an inventory system where the cost of good sold would be taken from inventories that were bought the earliest. The cost of ending inventory would be the inventories that were purchased last.

The cost of the 3 units of the goods bought would be the cost of the beginning inventory. The cost of the beginning inventory is $10.

The cost of goods sold = cost of beginning inventory x units sold.

$10 x 3 = $30

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Related Questions

A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified

Answers

Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."

The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.

According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.

Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."

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which u.s. currency bill was the largest ever printed for public use?

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Answer:

The $10,000

Explanation:

"The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill."

The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill.

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a logical starting point from which the study of international trade begins is

Answers

The principle of comparative advantage

the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.

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Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False

Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:

Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the company

According to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.

Complete question:

The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.

True

False

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what type of cost remains the same per unit at every level of activity?

Answers

Answer:

A variable cost

Explanation:

A variable cost remains the same per unit at every level of activity.

I hope this helps.

which constraint does not allow someone to create an order for a nonexistent customer?

Answers

Answer:relational integrity constraint

Explanation:

the u.s market is large but many other countries have what advantage over the us​

Answers

Explanation:

faster growth?? uhm is this a answer chose.

which country uses a franc as its basic monetary unit?

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Answer:

Franc, originally a French coin but now the monetary unit of a number of countries, notably Switzerland, most French and former Belgian overseas territories, and some African states; at one time it was also the currency of France, Belgium, and Luxembourg.

if a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the

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Answer: manufacturer
I hope this helps

If a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the manufacturer.

What is the manufacturer?

A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to make more complicated products.

The economy is enunciated be significantly influenced by manufacturers. Manufacturing has a long history dating back to antiquity. The usual manufacturer, however, was a single skilled artisan with helpers for many centuries. Each craftsperson guarded the methods of production and only taught apprentices. Only manual processes might be used for production.

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can i return something to walmart without a receipt?

Answers

Answer:

Walmart's return policy

Normally, items purchased in our stores or on Walmart.com may be returned or exchanged within ninety (90) days of purchase with or without a receipt.

Explanation:

Which action would most likely harm a person's credit score?
A. Completing a credit card application
B. Spending a small portion of a credit limit
C. Researching a credit card's interest rate
O D. Failing to pay minimum monthly payments

Answers

Answer: D

Explanation:

Failing to give minimum monthly payments is activity would most likely harm a person's credit score.

What is credit score?

Credit score is the creditworthiness of the person and the ability to pay the debt of the credit. Credit score can be build according the previous maintenance and transaction from the account. If the person has good background, the bank can give them more credibility.

Thus, option D is correct.

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to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.

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When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.

In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.

Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.

Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.

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how to get all one hundreds on report card

Answers

Answer:

well thats easy all you have to do is get a good grade on every single assignment in every class

Explanation:

which is very hard

Answer:

To do your work and stop asking how to get around it on Brainly. Please don't cheat, your teacher can see past that, especially when you copy verbatium like I bet you do.

Explanation:

Which statements best explains how globalization offers an advantage to businesses

Answers

Answer:

Hello here's the answer!

Explanation:

A

C

D

E

your welcome! Brainliest if you liked the answer!

true or false? checks are documented individually on a deposit slip.

Answers

Answer:

i believe that it is true

Explanation:

Identify and explain two ways in which managers could use information obtained in the income statement?

Answers

Answer:

An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.

Explanation:

the catalyst for the market revolution was a series of innovations in

Answers

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

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the group of consumers most likely to purchase a particular product are called a

Answers

Answer:

A target market.

Explanation:

The group of consumers most likely to purchase a particular product is called the target market.

What is a target market?

A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.

Identifying the target market is a key part of the decision-making process when a company designs, packages, and advertises its product. A new product must satisfy a need or solve a problem, or both. That need or problem is probably not universal unless it reaches the level of indoor plumbing. More likely, it is needed by a subset of consumers, such as environmentally-conscious vegetarians, or science nerds, or outdoor enthusiasts. It may appeal to a teenager or a middle-aged professional, a bargain-hunter or a snob.

The target market also can inform a product's specifications, packaging, and distribution.

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Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes revenue over time according to percentage of completion. Here are some facts: In 2021: Cost incurred during the year is $3,000,000; Estimated cost to complete is $6,000,000 In 2022: Cost incurred during the year is $500,000; Estimated cost to complete is $6,500,000 In 2023: Cost incurred during the year is $6,500,000; Estimated cost to complete is $0. How much gross profit/loss would Robertson recognize in 2022

Answers

By measuring the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.

To understand better, we have to begin with the year 2021, where we have the following:

Given that the % of completion = cost incurred till now ÷ total estimated cost;

We have => $3,000,000 ÷ ($3,000,000 + $6,000,000) = 33.33%

Hence, we have the final revenue in the year 2021 to be recognized as

=> $12,000,000 × 33.33% = $4,000,000.

By the year 2022, we have the following percentage completion.

=> ($5,000,000 + $3,000,000) ÷ ($3,000,000 + $5,000,000 + $2,000,000) = 80 percent.

Therefore, we have the total revenue to be recognized

=> $1,200,000 × 80% = $9,600,000

Then given that the Revenue already realized in 2021 = $4,000,000

Therefore, the revenue to be recognized in 2022

=> $9,600,000 - $4,000,000 = $5,600,000.

Hence, in this case, it is concluded that the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.

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differences between productive and service orientated profession​

Answers

Answer:

ASAP what how and why and who and me

Explanation:

hehe I am noob baby girl I p onge is Canada ducks but

in what year did starbucks serve its first caffè latte?

Answers

Answer:

1984

Explanation:

EEEEEEEEEEEEEE

EE

What pricing strategies do McDonalds use.

Answers

Broke people ones …..

why should the income statement be prepared first?

Answers

Answer:

cash of Aryas 500 withdrawn from the bank for office use find out debit and credit

Growing a business often results in growing your

Answers

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

Hope this helps! Have a great day, and spread some positivity!

An example of consumer spending when calculating the GDP using the expenditures approach is _____.


rent

purchase of weapons for the military

purchase of software

none of the above

Answers

purchase of weapons for the military

if the order quantity doubles but the flow rate remains constant, what happens to the sum of ordering and holding costs?

Answers

decreases by 50% I hope this helps

for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably labeled? thanksss :))

Answers

You can refer to the attachment!!

Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then

Answers

The statement which includes one real benefit from shopping with a credit card is:

A. You may earn cash back, travel rewards, or other perks for each dollar you spend

A credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit

There are various benefits to using a credit card which include:

A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etc

Therefore, the correct answer is option A

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Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks​

Answers

Answer:

Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.

Explanation:

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Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk

Answers

The Inflation risk is the financial risk might affect Miguel in the future.

The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.

Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.

If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.

Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.

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